Bitcoin Forum

Bitcoin is designed to be more scarce every single day while the population is almost required to increase its demand. Why? Because people will have to sell their failed fiduciary currencies per Bitcoin. The current financial system failed already and people will realize that Bitcoin is the only system to reset everything. Governments will try to create their centralized cryptocurrencies that will fail like the fiat due to hacks and the fact that people will prefer to use Bitcoin. Bitcoin is a blackhole that is swallowing every single fiat bill. 10 million dollars per coin is probably too conservative. People who dont own Bitcoin now will have to own in it later. Those who are acummulating BTC right now will be the richest people in the world. Bitcoin should hit that price in the next 10 years and there is nothing that could stop it.

Indeed, 10 million is conservative whennya consider governments will have to bow to bitcoin  and  begin their own btc mining.
Russia government is already aiming to have 20% of the bitcoin mining capacity.

In the USA the federal reserve banksters wont go down without a fight, expect some more deep state dirty tricks like what they did to Ross Ulbricht.

Sure. Bitcoin could be worth that price or probably even more if people realize the importance of bitcoin in general and how it's a potentially great store of value, but I really doubt it will be in 10 years. For bitcoin to reach that price in such a timespan, the current financial system probably needs to collapse for people to be dumping their fiat into bitcoin.

It's not really a great idea to become overtly over optimistic. Rather it's important to understand the ground reality first! Governments around the world, will never adopt cryptocurrency as the main currency. No matter how many banks fail or how recession cripples our balls! If a reset in economy is ever required, it will be done by Gold and not bitcoin!

I personally would love to see bitcoin reaching 10 million because I would become a billionaire by then and probably be able to buy few lambos or Ferraris! But that's not going to happen!

Bitcoin will remain the king of the parallel economy like it is today. The adoption will increase with time so the value because bitcoin's supply will decrease at the same time! But 10 million dollars is just not achievable!

This analysis is too much optimistic and maybe not be taken seriously at the present time. I am not saying that it is impossible for bitcoin to reach $10,000,000 dollars but at the current time, this look like a childish statement.
For the last 2 years bitcoin failed to reach 19,800$ again and therefore we cannot expect bitcoin to rise ten million when it fails to cross small resistances like 10K, 15K etc. Nothing can be said with surety for the future prediction of the price.

it was just exaggerating mate dont take it seriously about the price but what we must look at this post is the greatness that will come for Bitcoin holders and investors.

its just the digits that got your attention but the essence was not.it can be 20k usd ot 1 million but the thing is how is the future going with bitcoin?as the financial system are really falling now and even the super power countries are having this trouble in economy and Yes,bitcoin will be the savior and that is the reality .

I love your optimism, but I think you are wrong. We already have 1000s of other Alt coins out there and I think as Crypto currencies evolve, people would actually start creating some Alt coins with an actual use case. In the future we might see one Alt coin that goes mainstream for online gaming and another going mainstream for online Porn and this will reduce the amount of people who would be investing in Bitcoin.

Yes, Bitcoin will still be very prominent and the majority of the people would be using it, but the governments will never allow Bitcoin to be a reserve currency, because they want full control of their own reserve currency and Bitcoin are not controlled by a single country.  ;)

In order for the bitcoin to rise again, you don't need a lot of year to wait just for that to happen. You yourself can also make a way on how to make bitcoin to reach $10M possible. Continue use bitcoin and promote it and advertise it in many situation for it to become more popular.

When it becomes popular, other cryptocurrency will become dominated by our bitcoin. It will lead to an increase in its demand and importance so many people will try to own a bitcoin. In trading, those who have it will have a higher chance of having a higher price which more or less $10M. So as soon as possible, it will happen. You don't need to wait for 10 years. Maybe 5 -8 years is enough.

maybe it will definitely happen in the future where bitcoin will touch 10 million and this is the time awaited by investors and bitcoin investments because we know bitcoin is a very unique coin among other coins that makes us very sure it will be worth, maybe now many people are starting to slowly adapt to bitcoin because they are now fed up with their finances which can be controlled by the government so they are always fooled by politicians and corrupt.

I am also a firm believer in Bitcoin despite it not being perfect and its many perceived  inadequacies. I am sure that as we go along its real value will definitely be growing though the road to great heights will always be fraught with many dangers and discouraging challenges. Bitcoin is going to be tested with fire, typhoons and hailstorms before it can soar into the sky and be the symbol of the real freedom we are all yearning for. Now, so much for being sentimental, to be frank, getting into the 10 million mark can be taking a lot of decades if we have to base it with the way things are. Not that it can be the reason we have to give up, this should be encouraging all to continue the journey and take the cudgels of this fight.

You're missing the point. Popularity isn't the problem with bitcoin's adoption. I'm pretty sure majority of people have heard of bitcoin already. It's the knowledge of why we need bitcoin is missing. And for us to achieve that, I'm afraid people are going to learn the hard way: through hyperinflation. Now, how long would that take? No one knows, and it would differ from country to country. But globally, in less than 10 years? Still possible, but I don't think so.

Since people don't understand that their every day money value is decreasing over time indeed, hyperinflation of all the main currencies would be one possible way. (If it happens only for USD, people may switch to EUR or JPY instead of BTC).

We have to also reach the point we can buy or sell anything for Bitcoin directly. Then it will be an advantage everybody will see, much more visible than the "backup against inflation".

$10,000,000 is ridiculous. How did you come up with that number?

$10,000,000 per coin means a total supply of $210 trillion. The base money of all the world's currencies plus the value of all the gold in the world doesn't even come close. So, even if Bitcoin replaces all the money and all the gold, it won't be worth $10,000,000 per coin.

yea i get it. blah blah blah if 1 sat is $1 then a whole btc could be worth $100m one day
yea i get it. blah blah blah if 10 sat is $1 then a whole btc could be worth $10m one day

blah blah blah
i feel people that say these large values are usually the ones that have a low amount of coin right now but dream of becoming millionaires from it.
eg
having 0.01btc ($80 currently) and are hoping to see it make them a millionaire if 1sat=$1
having 0.1btc ($800 currently) and are hoping to see it make them a millionaire if 10sat=$1

in short they are just posting their dream to see responses of how many people will validate their dream is a possibility

Here we go again with the out of this world presumptions for btc. We'd like to believe that, but it's not going to happen. It's the same with the other thread that's asking what could lead to btc dropping to 5 dollars. These extremes unlikely to happen now or in the future. And i think most people who've been here for quite a time, are already aware that this is more than too good to expect.

Believe that bitcoin will be as high as that price ?, as well as the opinions of colleagues above, what if bitcoin drops to $ 5 ? of course all are still in predictions and all can do that. and so far it has often happened, that predictions that have been said to be very can not happen, and too much expectations are too high.

It is true that eventually the financial system will collapse and governments would have to rebuild it again, but most of the normal people don't get to do anything about it, sure that they will realize that bitcoin is a good alternative but we live in a world that is controlled by governments, so any interactions between the system and the people that live in the country is all going to be using the currency issued by the government, you can take Zimbabwe and Venezuela for example where the local fiat has gone to the ground and people still use it be cause they don't have a choice.

Optimism. A great help to forget about the current dip.  ;D
It is a good thing though. It helps take out the madness specially for traders.  ;D

We don't know what is in 10 years so it is difficult to just believe it. Although what you say are facts. Somewhere out there, when all is said and done and bitcoin stayed, we would see a great value for it.

That's indeed very correct. To come into main stream adoption BTC has to win war with central governments, which is certainly not easy. After that we can predict where BTC price will go.

In my opinion, in your example, it would be more of EUR or JPY ofor BTC. Just like in Venezuela, whereas even though majority are probably just using USD instead, I think it's pretty safe to assume that a significant amount of people held BTC also(along with the USD).

$ 10 million dollar price that might be achieved in the next few years, we see currencies in each country have different exchange rates, so if one day in all countries legalize bitcoin and crypto currency into official currency it will look cool , a value of $ 10 million will be achieved if all countries use only one currency and have the same value maybe there will be no more countries that are bankrupt or experiencing a crisis

You would have said the same when BTC reached 33 dollars per coin and went down alll the way to just $2. People will keep saying the same shit as bitcoin makes all time highs and drop 80 percent. That is why a lot of folks will miss the ride.

Governments dont have to adopt bitcoin in order to use it. The populations are the ones who have the choice to free and enrich themselves using it.

Any altcoin. could replace it. Bitcoin is the only decentralized cryptocurrencie out there

I understand that people want to believe in good things but 10 millions for coin? are you serious?

As far as I know, I haven't seen any centralized crypto back by government being successful. In only means that people really wanted a crypto that is free from government control and that is BTC.

And I like your attitude and optimism, at the back of our minds we wanted to see bitcoin reach farther ahead and who knows maybe in the future we will see the $10 m prediction of yours come into fruition.

Sadly banksters didn't go down in 2008 almost nowhere in the world. Instead of them being in prison they got even more hefty bonuses as a gift for their incompetence. The US governements let the scam continue and the real ponzi scheme is building into colossal heights. What will happen after it collapses? Almost everyone in this forum knows and doesn't feel good about it. I just hope that after the dust settles there will be justice this time. Bitcoin will become even more valuable. I'm not hopping for a recession worse than 2008 but it is coming.

Tell me. Besides promoting your shitty signature, why are you even wasting your time here in a Bitcoin forum? Knowing that you're unable to think rationally in the first place. You're a worse bitcoin critic than Nouriel Roubini.

When BTC was 0.50 cents nobody could have imagine that it would reach even 1000 dollars and went all the way up to 20'000!!!!. Now, is the time to accumulate because it could reach 10 million dollars sooner than we expect.

FUD in the maintream media and forums is a tool governmets and banks are using to stop people from buying.

The government will never bow to Bitcoin, as much as I wanted to see it but that is the reality.  Instead, the Government will do whatever in their power to regulate Bitcoin.  And as for $10m per Bitcoin price, I think it is an exaggeration since it is not compulsory for everyone to have Bitcoin or satoshi, the demand that we are imagining is far too large than the actual statistics.

Since he is trying to promote his YT channel in the signature, I assume the sum of $10 million per BTC came from this video (https://www.youtube.com/watch?v=ubL2RDg37Wk&feature=youtu.be), or from something similar that can be found on YT. Link to this video is posted in Economics, it's possible he saw it there. Big numbers always attract people, and they are good for promoting anything.

I doubt OP even understands what the number he claims is possible in 10 years means, most people hardly understand the size of one trillion of something.

you are making an impossible forecast, look at the current price, look at the price of two years ago, look at all the optimism and the exaggerated forecasts and ask yourself:

What lessons can we learn from the increase from January 2017 to January 2018 and the drop from $ 20,000 to $ 3000. It is becoming increasingly clear that price forecasts of over $ 100,000 per bitcoin seem ridiculous and more impossible than possible, and are you talking about $ 10 million? this is impossible

I know it's ok to be optimistic on Bitcoin because we are seeing good results but ten million for a coin it's just way too much, I thought the $1 million is the highest amount for a Bitcoin that one can predict, we may not see that amount in our lifetime, I prefer to be realistic, $50,000 for 1 Bitcoin is more realistic in the next ten years provided that we are moving the way we are moving now, we have two halving more after 2020 so $50 k is quite realistic to my point of view.

Far fetch far reality, no basis and graphical explanation, we have been in this for 10 years already and the price currently is still on the verge of collapsing. Governments will make a way other than bitcoin, maybe if ever they made their own crypto it would last for years or centuries, it will just repeat history of money in a more futuristic one.
For me the reset that you are saying is another world war, where most of the powerful countries are included. No fiduciary currency shall remain anymore with continues wars, and in fact it could be a massive destruction. Also possible, that time there would be no more machines working in the bitcoin network as it will all be destroyed.

It went from 0.001 CENTS to 20,000 dollars dude. People were saying that kind of statements when someone predicted 10 dollars. it could go from here to 10 millions EASILY.

Where do you work at? Bank of America? JP Morgan? Morgan Stanley? UBS? The fed?.

Hey....banks. fiat money and altcoins are DOOOOMEED. It is just a matter of time for a single BTC to have the purchasing power of 10 MILLION USD. Any argument will end up with that conclusion

I am sorry for you, but BTC is the only way to go. It is about freedom, and true value. I am here just to tell people the truth

It's possible that in 20 years Bitcoin will be worth as much but the only way for it to happen IMO is if the dollar hyperinflates.
Think about it, BTC will be w0rth 10 million USD but you will have to pay a million for a cheap car. It will more or less be the same as BTC used to be at 20k per coin, just the value of the USD will be a couple times lower. There's at least 30% chance something like that will happen in future. I don't believe USD will last in its current form for another 50 years. It will either be reset, like they did in Belarus, Poland, and many other countries, or it will cease to exist.

Wrong.....10 million USD of purchasing power.

BTC is designed to work as a blackhole. It is in the process of killing the central banking system.

I highly doubt it would happen ever in the future, unless people starts to use bitcoin as their main currency in their daily lives. Of course it would take a whole new level of economics and business associates to begin using bitcoin as their main currency. But the way I see the economy today is far from what you perceive in the future.

So ten millions dollars for 1 bitcoin it's gonna be kinda hard I think even in the future, but you're right about what you said, bitcoin is going to be the coin who will dominate in the financial market in the future and people will use it a lot, cause it's like unhackable and easier to use than other payment methods.

Yes but you know everything is possible thanks to the blockchain technology ....
No indeed you are right, 1m$ /btc why not but 10 millions  ::)

whilst miners still mine and at a cheapest cost to mine being say above $8k. and those not able to get that cheap mining cost are willing to buy at $8100
those miners wont sell for less than cost and those buying will buy for more, causing a price rise

so if mining costs go up the baseline 'value' goes up(periodic low)
as for the speculative price(periodic high). no one can predict when or how much it will be. but as long as their is baseline value that increases then the price will increase.

Why would someone take a "loss" after buying Bitcoin? You are thinking in US dollars terms only. There wont be such thing like a "loss" or a "profit". Bitcoin hodlers would never sell their coin for US dollars again once all fiat have become worthless. Being rich or poor will be measured in the amount of BTC you have by then. Nobody would change the future for the past.

bitcoins 'market cap' is not a representation of dollars hoarded in bank accounts to represent bitcoin value and back up every coin

bitcoins market cap is just math of the price of one coin sold.. multiplied
it has nothing to do with how much base money is allocated/backed by bitcoin

for instance i can make a coin with 50trillion premine and sell just 1 coin for $5 .. yep total funds involved $5....
and that creates a market cap of $250 trillion

People wont have to sell their bitcoins for fiat anymore. They will buy products and services with bitcoin directly.

Ok soo...do you think that your shitty coin Zeit is better than Bitcoin??? Would you guarantee people in this forum that "zeit" is a better buy than bitcoin?

bitcoin is already worth more than $100m....
.. oh did you not mean zimbabwee dollars

anyway
bitcoin 'could' be worth $100m US.. but as zimbabwee as proven. so could a loaf of bread be worth that, when/if US fiat goes into super inflation.

i personally cant see bitcoin buying me 100million loaves of bread. in my lifetime
(if bread were $1 right now)
but its more plausible to think of it as $100m in terms of $$ due to a super inflation
where by it converts to buy me more than 8000+ loves of bread which are valued as $100m

I strongly doubt that in ten years it would happen. Let’s be realistic. Bitcoin is still growing prematurely and the popularity of Bitcoin is not that much i.e. based on how many people knew about it. If I would go strolling and would ask a random stranger if they knew or heard about Bitcoin then most of the time they would answer no. It might happen that the price of Bitcoin would reach that high but no that too soon as you had been claiming. I would consider it as an exaggeration. Bitcoin still has a long path to go in order to reach that kind of level.

im not guaranteeing or suggesting bitcoins value would increase to say 100million loaves of bread.
im just pointing out that while miners still mine and create the baseline value support. that bitcoin can grow

im also pointing out that again on a bread value comparison bitcoin might get a lower bread value of under 100m loaves and higher than 8000 loaves. no one can tell how many loaves it would buy. but that loaf value might be equivalent to $100m due to fiat inflation

also im just pointing out that over the last 2 years the value has been on a 2 year flat-upward trend.
you seem to be standing at the top of the $20k mountain looking down rather than standing at ground level looking up

ahahahahaahahhahaha do you really think that fiat is better than Bitcoin? Men, you're insane. Global debt is around 255 trillion and you think that fiat is better than bitcoin?????? central banks are stealing your purchasing power every day and you think that fiat is better than Bitcoin?.....dude.....ahahahahahah.

ask that person if they know of, 'chip and pin' debit card.
ask that person if they know of, 'applepay'

alot more people would have heard of those, even if they have been a thing for less time
bitcoins issue is not that media is not talking about it. its that btcnetwork innovation has ben stifled and so merchants are prefering not to use it thus people dont se it as useful, thus not care or desire to remember it if they hear it in the media

just thinking all that 'mainstreaming' and 'adoption' requires is for people to hear about it by blasting it into new/tv/movies wont get the 'adoption' we need to keep bitcoin relevant and keep miners interested.. we should be pushing the devs to ensure they keep the btc network useful and get real world merchants to accept it due to it being practical to use. and criticise devs if they prefer to promote other networks/payment solution that are not the real btc network

The shift from fiat to Bitcoin globally will be automatic over time. Please will hold their money in something that have real value. Bitcoin, gold and silver, but bitcoin is the best choice.

its astonishing that there is a troll like this in every single BTC forum. Your arguments lost value since you said that the real value is in FIAT. At the end of the day the global debt problem will burst and Bitcoin will be the only safe asset to exchange for goods and services. The current debt situation in the US, china and EU in unsustainalble. They are printing, printing and printing money out of nothing with no limit. Venezuela, zimbabue and Argentina are just a small replica on what will happen globally with the FIAT money.

ahahahahahahhahaah HEY you have no clue what the hell you are talking about, bitcoin cannot be confiscated nor sensored. It is impossible. Have any other baseless or clueless argument????

I like your positive thinking towards Bitcoin but with the current situation, I don't think that 10 years is enough to reach $10 Million per Bitcoin although anything is possible to happen in this space. One of the things that should happen is that the majority of world's population must learn about Bitcoin and know how to use it, in order to increase the demand and achieve the $10 Million mark.

When someone run out of valid arguments start to insult. The only stupid individual who don't know how Bitcoin works is you.

"  85.6% of that amount is coming from just two cases — Silk Road and SELEC''  

Good luck trying to seize billions of private keys distributed worldwide. See who is the stupid moron????

Neither one of those things is true.

Bitcoin getting more scarce by the day?  How do you figure that?  I don't know if you're thinking about lost coins or something like that, but I'm not sure how exactly the supply of bitcoin is decreasing while mining is still going on.  It's a relatively scarce asset, true, but it isn't as tho it's disappearing.  At least not at a fast rate.

On the demand side, I wouldn't count on increasing population to drive demand necessarily but I do see your point and know what you mean.  But it doesn't matter what the population growth rate is if people stop being interested in bitcoin.  That isn't happening right now, but it *could*.  Thus I don't think a price as crazy as $10 million is going to happen any time soon.  It might happen eventually, but I doubt it's going to be in my lifetime at least.

stop talking trash. you are now talking about torture and dictatorship.....by the way...is there a jail for 5 billion people??? ahahahahahahah you crazy ass. This was my last answer for you as I cant have an argument with some crazy ass who think that could arrest 5 billion people worldwide just to take their bitcoins.....go away. bye

The point here is that Bitcoin is the best performing asset in the last 10 years and is 21 million percent up from its creation.

Then short it....do you think is going to die short it...If you are so sure that bitcoin will die then short it. Would you guarantee everyone here that bitcoin is dead?. post your short trade and ride it all the way up...dumbass

You didn't really provide any justification why Bitcoin would go to more than $10 million per coin, nor why the state-backed cryptocurrencies would fail.

Surely, most countries have a fiat currency that is essentially based on debt. But it is not outside of the realm of possibility that all world countries would simply forgive eachothers debts to end the issue.

Likewise, a country could simply produce its own digital currency that is not pegged to its fiat currency, such that it would be a true rival to Bitcoin. A state-backed cryptocurrency like this would almost certainly surpass bitcoin, at least for the short term.

The only way 10 million per coin is when mainstream adoption meets limited supply. As of right now, we have mined upwards of 85% of Bitcoins so the limited supply portion exists. Only part left is mainstream adoption and that does not come easy. You are looking to have the same amount of transactions as credit card processing companies for Bitcoin to become ten million per coin.

......not in the long term...im sorry

you're funny. 'btc is a Ponzi scheme' argument of suckers. if the government is so great for you and btc is a Ponzi scheme why they haven't destroyed it yet??? oohh btw there are physically settled bitcoin futures already approved  BY THE GOVERNMENT....hey you know what? go play with the dolls

Of course, bitcoin will never reach the price of ten million dollars. This is not possible for many reasons. First of all, this will clearly not correspond to the material and mental costs for our gross physical world from an economic point of view.
In addition, other types of cryptocurrencies are developing rapidly and many are already circumventing bitcoin in terms of functionality. Therefore, over time, the price between them will gradually equalize. In any case, there should not be too large price differences. The price of cryptocurrency will approximately be arranged in the end as the prices of current ordinary currencies. There is a difference between them, sometimes decent, but none of them differs in price terms like bitcoin in cryptocurrency. Bitcoin will grow in price, but for a short time, after which it will inevitably go to the correction of its course. I don’t think that bitcoin will ever be able to overcome the price of $ 50,000.

what your not seeing is the farms with the lowest costs that determine the baseline. these will continue far beyond the hobbyiests and dis-organised pools that have higher costs. the higher cost pools would fluctuate and have drops in their hashpower which leaves those at the baseline cost get more of the slice of the pie, thus survive longer

what you are not seeing is i said while miners progress and increase hashpower and thus bump up the competitive costs of the baseline costs. the dynamics play out as i described. but i said WHILE. meaning that pools can sometimes get cheaper due to more efficient miners and also drop in difficulty. thus the price can go down. again for emphasis i have not said any guarantee's of price changes either way. im just clarifying things people should be aware of so that people know its not a bitcoin to $100m or bitcoin to $0 binary option

govs dont sell on public exchange market.
instead they do auctions.
you might wanna do more research

but lets say a early adopter threw coins at an exchange to sell at any price.. thats just temporary price drama. buyers will see it as discount day to get cheap coins. thus small temporary drama
so relax a little

The only way I could see that would be if like 95% of the worlds population used bitcoin. At 10 million per coin we will do the math. 10,000,000 × 21,000,000= 210,000,000,000,000 or 210 Trillion dollar market cap. The entire planet only makes up around 240,000,000,000,000 (240 trillion dollars)  so the other 30 trillion would have to be in gold. Gold would have to be way cheaper then it is now. It could be possible but i do not see it being in my life time! Lets work on 1 million per coin first!

There is a misunderstanding on the market cap figure. You don't need an INFLOW of 210 trillion dollars in order to get to that price.

It is only a multiplication of the price by the number of units. It only takes someone to fill a trade at a certain price to get there.

in 2011 nobody could have imagine that a single bitcoin would be worth 15,000 or even 20,000 in the next 8 years.

You are so blinded by the desire to get rich, that you are making a lot of really bad and utterly false assumptions. 

1.  It does not matter how scarce bitcoin is, it has zero intrinsic value.

2.  My " Hard Facts Coin " cryptocurrency is even more scarce than bitcoin, and its is still worth nothing. 

3.  An INFINITE number of non backed cryptocurrencies can be created, just like infinite FIAT.  They will all go to zero.

4.  Being the first cryptocurrency means NOTHING.   How much is the first FIAT money worth ???  Ha, you do not even know what it is, no one cares.   How about the first Bank ??? It is the biggest in the world ??  Again, no one even knows what the first bank was.  Same with Cryptocurrency, no one will care it was first.

5.   The BLOCKCHAIN is awesome !!!   A world changing technology.  And the crypto currency that will dominate will most likely be a government created GOLD - backed crypto, or backed by some similar real asset.


Make sure you mortgage your house, and put EVERYTHING into bitcoin, you will deserve exactly what you get !!!    You can ignore reality, but you can not ignore the consequences of ignoring reality   ;D ;D ;D ;D

Another troll!! with only a few posts ever....another troll who thinks that a CENTRALIZED 'gold backed' crypto will beat Bitcoin. ahahahahaahh Thank you for 'non sense'facts

golds COST is its mining cost. golds PRICE is the speculative 'spot' price above cost
the amount of ADDED value on top of cost is the speculative of demand and desire

same goes for crypto
if there is a strong cost of production that will ofcourse and obviously react to form the base line support of the price(periodic low)

many PoS coins have no underlying cost thus their prices are pure speculation.
however POW does have intrinsic value

what people forget those is that christmas 2017-newyear2018's super manic price bubble spike was just hyp. the underlying value was still only a couple thousand and settled to $5k by summer of 2018
which is why the $20k hype bubble didnt last
mining pool s got cheap efficient ways to mine in october which translated to a mining cost down to below $4k which caused the november price to react in the $4k

people need to stop just using the price chart, and definetely stop just using an ATH(all time high) as a reference point.

but instead imagine there is a hiddenline below the price where the real 'intrinsic' value is and above that line is the speculative value

once people start to look it it from that point. things become clearer
much like the gold wholesale vs spot price

anyways. if basing estimates on the mining cost baseline
if miners remained as the $2k 56terrahash generation at 5c electric a kwh
to have a $100m btc the hashrate would need to be over 150,000exahash
so going from 100exa to 150,000
is like if we imagine a hashrate increase of 60% rise a year

1 year 160exa
2year 260exa
3year 410exa
4year 650exa
5year 1,000exa
6 year 1600exa
7year 2,600exa
8year 4,100exa
9year 6,500exa
10year 10,000exa
11 year 16,000exa
12year 26,000exa
13year 41,000exa
14year 65,000exa
15year 100,000exa
16 year 160,000exa

but again theres IF's involved

ABSOLUTELY WRONG...

It does not matter what mining costs, a lot of energy is put into a lot of things that result in NOTHING, and go bankrupt...

I could spend millions mining a common lava rock, and no one will care, its value will still be ZERO.

You could spend megawatts of energy solving a useless math problem, and its value will still be ZERO.

No one cares how much you put into something, they only care if there is a product that has value or not...

Hard Facts

Is bitcoin being over dependent by people? I have a feeling this is the case. Bitcoin will not solve all our life problems or would it make all our dreams come true. Let the bitcoin development process be a gradual one

I bet this is khaos using a different name, but anyways......nonsensefacts from your point of view what asset has true value? What asset could be better than bitcoin to solve the current financial system debt issues??

Ahhaahhahahaha YOU GOT TRASHED. Only a drug addict or a very retarded person would think that fiat is better than money and every government would be able to arrest every single person using Bitcoin. How many cops do you need to achieve that? Even jerome powell and Donald trump will have to use Bitcoin. Fiat currencies are doomed. Banks are doomed ....it is just a matter of time befor they collapse and people will realize that Bitcoin is the only way out you dumbo.

In the first place achieving $10,000 dollars is quite too hard, it needs allot of pushes, ups, and pumps, from whales and massive adoption from many in order to achieve this. Having almost the entire population of the human race to utilize bitcoin is quite impossible to happen unless a huge unifying sector of the world government implements it. Of course, people's freedom will still be prioritized, so they will be independent of choosing which currency to use in crypto and will still utilize their fiats. In conclusion, there's still a lot of improvements that bitcoin needs to fulfill first.

I have NEVER NEVER posted about cops arresting people for using Bitcoin,  I do not believe that will happen.  I do not think they have the manpower nor need to arrest people for using Bitcoin.  I believe that Bitcoin will revert to its true value of near zero all by itself...   The free market will do what it always does, it might take a while, but the free market will determine Bitcoin value.  😁😁😁

One thing I agree with you on is that Central Banks have made a huge mess with Fiat Currency, but that is a totally different topic.   And there are a LOT of alternatives to the FIAT Currency problem that do not involve Bitcoin...

Hard Facts

Well, I do have the example of my country. I lived days when my country's coin inflation was really big.
Back then, in my city people converted their money into DM (Deutsche Mark). When DM was replaced by EUR, people chose USD for about a year until they got convinced EUR is fine, then went for EUR.

While many signals from governments are "Bitcoin is drug money", "stay away from Bitcoin" and so on (luckily not all of them), I expect a big percent of the population still avoid it and the other strong currencies are just fine as long as they can be exchanged at the exchanges from all over the city.

So, as I said, all normal currencies have to fail, and even then many may still chose gold, then Bitcoin.
The conclusion is that the acceptance (in shops) have to increase greatly in order to have a chance for such big numbers for the price (although I think that OP's numbers are exaggerated).

Maybe not in our lifetime. $10,000,000 dollars per bitcoin, is too ambitious to achieve. It will take several decades maybe, and before that happens more sophisticated technology is discovered and develop. I am not pessimistic about bitcoin and happy if this happens but it seems this prediction is too much-hyped.

Here are some Bitcoin (https://coincodex.com/crypto/bitcoin/) price predictions for 2020. Let's hope that the expectations come true.

https://coincodex.com/article/6028/top-bitcoin-price-predictions-for-2020-and-beyond/

For me "hard facts" are that many people, goverments & businesses are adapting bitcoins. The fact is for example, that authority like police, is every year auctioning bitcoins confiscated from criminal activities & goverments are already taxing it. Almost every economy specialist understands that nation based cash is too easily manipulated & forged.

I believe current value decrease is a phase that scares off most "normal" citizens from electronic currency, that it can be more distributed to big players of markets; to those 1-10% who are realizing they lost the big chance in the beginning to accumulate lots of electronic currency due ignorance. Digital currency & paying is already hard reality & it will be much more in the future.

Personal advice: Hold on & buy more if you have possibility to do without going bankcrupt in next few years.

Reminder: We are the ones creating the reality of economics, so if we decide something has a value & act according to it.. it will have a value.

With the level of awareness about bitcoin and too many financial crisis with nations of the world. I see no reason why a fast thinking people shouldn't own bitcoin. I hosted someone learning FX, and he told me his teacher asked him to buy into cryptocurrency by any means possible, so I will be tutoring him on it since his mentor just don't know much about cryptocurrency. It's the next big thing just like the internet.

These are experts and reputable in their industry although one of them had a bad reputation shilling bad ICO's, still, they have seen something that we have not seen from what could be the reasons on why they come out with that price, halving will have a long effect on the coming price in the next five years, honestly I have second thought on the $100k to $2 million but I'm just a holder and a believer, although I have come out with my analysis but still doesn't justify the price, I hope I'm wrong and they are all right.

I have a question for everyone. Was 20,000 expected or even predicted in 2010??. If you have said that one single Bitcoin would be worth 20 thousand dollars in the next 20 years in 2010 people would just laugh and call you crazy, retarded and drug addict. Wake up!!!!!

Everyone is thinking in FIAT and stock market terms. Bitcoin is not a stock nor fiat.

I think $10.000.000 for one bitcoin is a value that is too high considering that many countries are blocking and making illegal bitcoin there even it's almost impossible to touch that value because in the next 10 years the bitcoin price range is only $ 100,000 - $ 250,000.

A Company can issue unlimited stock and dilute your ownership percentage, or even go bankrupt.

A Government control its fiat, print unlimited amounts and tax the hell out of you.

At the end of the day MFKRS like khaos will have to use Bitcoin after the above assets go to zero or go to the grocery store with bags of cash because of hyperinflation.

BTC adoption is increasing year after year.

Everybody knows that your arguments are baseless. fgt

BITCOIN STILL WAYY ABOVE THE S&P 500 YEAR TO DATE DUMBASS

.

something that never knew even sure maybe it will happen ahead of the next 10 years not continuously the value of bitcoin will go up there will certainly be up and down, but for me personally if I already have more than enough profit it is satisfied for myself so I don't need to wait another 10 years because if I get what I want later, that's more than enough and I also think that if the value of bitcoin in the next 10 years increases, it really is beyond our logic, even true your word how the current financial system might collapse and they prefer bitcoin. we'll see in the future if that happens i'm sure no one can beat bitcoin even if there is indeed competition it is so heavy to shift bitcoin.

Anything can beat the Stock Market when it is in a bubble, even Bitcoin.  It is great to be early in a bubble, people get rich from Pyramid Schemes all the time 💰💰💰💰   Bitcoin price is headed down, and its price is down way down over the past 2 years.  How is that  " Increasing Adoption " working out for you ???    But hey, if you have so much " faith ", make sure you mortgage your house, and put EVERYTHING last cent you have into bitcoin !!!

Bitcoin has ZERO intrinsic value, and the only thing that gives it value is what some greater FOOL will pay for it, just like any ponzi scheme.  Everyone here is so blinded by their greed that they will ignore facts and reason.   

You can ignore reality, but you can not ignore the consequences of ignoring reality  🤣🤣🤣🤣

Hard Facts

I think that the price can still be about $100,00, but no more.

Its funny how this kind of trolls try to talk down Bitcoin knowing that all they say is wrong ahahaha.

Bitcoin has been called a bubble since 10 dollars a coin. Anyways, your arguments have been proven wrong.

And you have not answered my question. From your point of view what is better than bitcoin?

The new York stock exchange is trading Bitcoin?                   YES
Is Fidelity investments a Bitcoin custodian?                          YES
Is Bitcoin traded worldwide?                                               YES
Is Bitcoin traded in the intercontinental exchange?                YES
Are all fiat currecies going to hiperflation?                            YES
Are fiat currencies printed from nothing?                              YES
Is Microsoft getting involved in Bitcoin?                                YES
Is Starbucks getting Involved in Bitcoin?                              YES
Is Bitcoin Hashrate going up?                                              YES
Are Banks afraid of Bitcoin?                                                YES
is Bitcoin backed by math, cryptography and energy?           YES
Does Bitcoin gets you freedom?                                          YES
Is Khaos a idiot banker or central banker trying to scare people from Bitcoin?    YES

All of the people you mentioned will accept Bitcoin in a few years and they will laugh at you,

KEEP HODLING FIAT. YOU HAVE A 2% DECREASE IN YOU PURCHASING POWER EVERY YEAR GUARANTEED. NEXT YEAR 10% IN 2022 25% AND SO ON. IDIOT

Sure, $20k was unexpected, but I don't think anyone thought it was impossible. On the other hand, you can't provide any facts or numbers that might support your $10 million value. I can see the price potentially reaching $300k someday, and even $1 million because of speculation, but $10 million would be hard to justify.

If you could justify a $10 million price, then I would have to agree with you. But I don't think you can. You are fooling yourself with your wishful thinking and unrealistic expectations.

10 years is simply too soon for that to happen, and regardless of when that happens at that point the value of bitcoin in fiat will become irrelevant.

No one will exchange their bitcoin for useless fiat that cannot buy anything, we will begin to use all forms of money that cannot be printed at will by the government, so I'm really expecting that gold will begin to be used as well during that time since gold is really the only form of money that can really compete against bitcoin.

You are now a clown. What about 10 years???? 7800 dollara for one bitcoin and climbing......

Look how your bank shit and fiat garbage goes to the toilet....look https://www.usdebtclock.org/

yes I agree with you I think the value of $ 10 million is too high and I think it is impossible to achieve in 10 years. and also not all countries can accept bitcoin. at this time only the developed countries accept bitcoin as the currency for payment. such as the United States, Japan, South Korea, Australia and others. third countries are still unable to accept bitcoin because they do not have the infrastructure and facilities that support crypto and are also rejected by the government. although many countries have accepted bitcoin but it will not make the price of a bitcoin bull up to $ 10 million. it's too high. I do not want to fantasize and expect too high on bitcoin.

People will stop using banks once they realize that Bitcoin is a way better store of value and they have 100% control of their money.

People don't write paper letters anymore. They send emails and chat messages. Banks are post offices that will disappears and Bitcoin they they internet email.

***THIS IS A MUST READ IF YOU ARE HODLING BITCOIN OR PLANNING TO BUY IT****


https://medium.com/swlh/bitcoin-halving-everything-you-need-to-know-4573dc5b528e

I do not think that Bitcoin can grow so much. You must understand that growth over a certain price mark will force billionaires to arrange a slaughter for Bitcoin and then only tyrants will take possession of the coin. Is this what we want? I think that Bitcoin will be moderately regulated and the price will be adequate so that everyone can buy some coins and with no war for the accumulation of coins

You are WRONG, and make a really bad, fatal assumption. 

Crypto currency is the future of Money, yes, but it will NOT, NOT, NOT be bitcoin.   The future and what people will use will likely be a gold, oil, or government backed cryptocurrency.

Bitcoin is just as bad as FIAT, backed by NOTHING.

REALITY:   Bitcoin has been around for a long time, gotten lots of press and attention, and people are still NOT using it in place of fiat for transactions.  A few transactions by aficionados yes, but not on any significant level.  So you just going to ignore that unpleasant fact that proves you wrong ???

You can ignore reality, but you can not ignore the consequences of ignoring reality 🤣🤣🤣🤣

and you are 1000 times WRONG.

a Government 'backed'crypto will fail in its first HACK because of its centralized nature. Servers will be centralized and very vulnerable

You cant pay for everything with gold because is not divisible as Bitcoin.

The PETRO in Venezuela is FAILING already and people prefer to use bitcoin instead.

NOTHING works in Venezuela, a dishonest example that means NOTHING..   Crypto will very likely succeed in CHINA.

Central banks all over the world are buying GOLD.   So again, utter ignorance of reality on your part.

You will absolutely deserve what you get, stupid and intellectual dishonesty has consequences.

Hard Facts

Countries will not switch to the Bitcoin system because it is impossible to manage it. New financial systems could be created on the national cryptocurrency or stablecoin, however this is absolutely unsafe.
In my opinion, it is just needed to get people involved in Bitcoin and use Bitcoin as a separate independent financial branch

so if BTC is useless for you, WTF are you doing here?. You know you are wrong but you are spreading shit with a purpose.....banker

This header is much more funny after new big price drop due to only one news!

NOT GOING TO HAPPEN, bitcoin will not be used as money on any significant scale.   Why would people use a crypto backed by NOTHING ????  If I wanted a crypto currency, I would use a Gold backed or other real asset backed crypto.  Central banks are buying GOLD in record amounts, what is Bitcoin backing with ???  Nothing...

How much is bitcoin being used in the financial system so far  ???  Oh, its not, there is almost nothing that you can pay for in bitcoin, it must be converted to FIAT first.

Bitcoin Price is dropping like a rock, I wonder how low it has to go before you guys start to figure it out 🤣🤣🤣🤣

Bitcoin is backed by a secure network, math, energy and cryptography you 'nonsense facts'

A centralized government crypto'will fail just after its creation. You don't even know how bitcoin works. CLOWN

A secure network means NOTHING in itself, if something useless is stored on it.  I could put " Hard Facts Coin " on a secure network, and it would still be worth zero.

I could make " hard facts coin " based on math, and it is still worth zero.

People waste a LOT of energy and time on things that are worth nothing.  Wasting energy on useless math does not create value, it is a waste.  I could make my " hard facts coin " use the entire output of a nuclear plant to create, and it would still be worth ZERO.

An INFINITE number of crypto currencies could use Cryptography, math, energy, block-chain, and secure networks, that does not give them all any value.


I know exactly how bitcoin works, I know how bubbles and manias work also !!!!   The sad fact for you is that you do not know how MONEY works  🤣🤣🤣🤣   Zero backing makes bitcoin just like fiat, but worse...  Fiat is bad, and always goes to zero, At least fiat is backed by a country, bitcoin has zero backing.

Hard Facts

***WRONG***

Bitcoin is backed by a lot of things.

So, yor you Gold is the only form of money? Gold can be counterfeit and is not divisible. A car dealership wont accept you 1 kilo of gold for an SUV. On the other hand there are a lot of dealerships getting bitcoin for cars.

Imagine the dominance of Bitcoin over other assets if the coin will have a price of 10 million. This is just a crisis. Think rationally, Bitcoin does not need such a price, Bitcoin needs mass adoption

$10m in 10 years is too soon. If that actually happens, something else is wrong with the world, or some major financial disaster happened for people to flock to bitcoin and bring the price up that high.

$1m in 10 years (or less) is more likely to happen, but first we need to hit $100k first.

What if that were true of $ 10 million per bitcoin, maybe the whole country's currency would be destroyed with bitcoin,
So I don't think it will happen until any time, unless bitcoin reaches $ 100,000 it can happen this too with that price there must be a debate between countries to overcome the ever-increasing bitcoin.

Again...what is your purpose? If Bitcoin is useless for you WTF are you doing here? BITCOIN is better than fiat, gold, silver and crypto issued by goverments. fags like khaos will eat from the trash once all of his fiat becomes worthless and banks disappear.

i agree that government can't stop bitcoin as long as there is a miner in someplace in the world transaction will continue
in my opinion bitcoin or blockchain is the new technology the country that will not adopt new technology will be left behind

Yes, once you understand what bitcoin actually is you realize that it is an unstoppable blackhole that's is swallowing every single penny in the earth surface.

I accept one thing that with the current echo system and development bitcoin cannot be used for micro payments but since you are asking here about what is the backing in bitcoin, it is the amount of money people inject in the market and the hard investment is the backing, since you have a hard on for gold, what is gold, it is just a shiny metal and nothing else and you think that it will have value ::).

 

Gold is NOT the only form of money, I never stated that.   The fact that you have to post LIES what I posted is the first " Red Flag " for you as a person.  If a person hast to LIE to win an argument, they are not worth listening to.

ANOTHER LIE FROM YOU:

NO Car dealership is pricing cars in Bitcoin.  Bitcoin is far to unstable to price anything in bitcoin.  The price of bitcoin changes a huge amount in an hour, which makes it USELESS for pricing...   What the car dealerships are doing is facilitating the customer to change his bitcoin into US DOLLARS, and then accepting the US Dollar payment.  Cars are priced in US Dollars. 

Anyone dumb enough to listen to you deserves exactly what they get 🤣🤣🤣🤣

" HARD INVESTMENT"   Just like the hard investments into BERNIE MADOFF's pyramid scheme, and every other bubble and mania through out history.   If you believe anything that people put money into has value, you deserve exactly what you get   📉📉📉📉

It is funny how peoples GREED to get rich blind them to facts, but people have been making that mistake for thousands of years, nothing new here.

You can ignore reality, but you can not ignore the CONSEQUENCES of ignoring reality 🤣🤣🤣🤣

ABSOLUTELY RIGHT:   People should really think twice when someone posts UTTERLY FALSE INFORMATION.   Even if I like someone, if they have to LIE or just be willfully STUPID to make their point, I stop listening, and look elsewhere for the truth.

You can ignore reality, but you can not ignore the CONSEQUENCES of ignoring reality 🤣🤣🤣🤣

Hard Facts

Hard facts and khaos are the official clowns on this thread. Anyways, Bitcoin have had this type of faggy bashers all the way up where it is right now.

I know who you are, and I have had the sweet company of your wife everytime you are out.....ask her. Nobody believes you anyways. Everyone here knows the great potential bitcoin have and that there are a lot of nonsend idiots like you and hard facts who like to talk down Bitcoin.

Oh by the way, she found a dildo in your closet.

WOW, what an educated, knowledgeable guy that can defend his position.    Seriously, would ANYONE invest with, or even listen to a person that talks like that ????   These kind of people should make everyone question their investments, and who they listen to.

Hard Facts

Go away you are trying to only spread uncertainty on the forum. Maybe you are a banker or some paid basher by the government or you just lost money trading Bitcoin. There is no point to be posting in a forum of something that you think is worthless.

Bitcoin will make you sound stupid in the long run, so don't waste your time

https://cointelegraph.com/news/crypto-is-unstoppable-bitcoin-will-hit-100k-says-cardano-founder

I can't believe bitcoin will hit the $ 10 million mark for every Bitcoin. If that happens, the dollar must have terrible inflation. Look at the fact that Bitcoin does not bring much technology achievements and only 1mb of capacity for 1bitcoin. So Bitcoin has no application value beyond payment. Currently, I only want Bitcoin to surpass $ 20,000 in the next 3 years.

10 years to get to $10,000,000?, I doubt it, we are even struggling now to reach again at the $10k mark now how much more $10,000,000. I know bitcoin can reach that but I guess that would be after many years I guess or if incase all bitcoins are already mined then the price will spike up but with todays situation it is still very impossible to reach that price.

You would have said the same when it fell from 30 to 2 dollars. It hit $20,000 a couple of years later

bitcoin retaining ONCHAIN utility, keeps bitcoin useful. thus keeps people interstd, thus keeps it active and sustainable

i can do a one time coin creation of an altcoin that has just 11mill coins and sell one to myself for $20k and instantly make it appear as a coin with better market cap, more scarcity and better price than bitcoin.. but that alone does not mean its useful, interesting, active or sustainable

if bitcoin just becomes a repository(vault lock) for using non blockchain networks like LN
the bitcoin loses its main purpose and people just start to prefer other coins like litecoin, vert coin and such

making bitcoin expensive onchain to transact is one thing that will sway people away
eg if litecoin is 1cent to transact but bitcoin is $1 to transact. people would prefer to pay 1cent

making bitcoin utilised just once every 6 months to negociate offchain network custodian holdings wiil sway people away
eg people start talking about 'millisat' holdings not bitcoin holdings

making bitcoin have a x block wait time between offchain renegotiations(close/reopens) will sway people away
eg if a 'punishment' delay for transaction broadcast becomes 8-12 hours to avoid 'while you sleep' attacks. people dont want to be 8-12 hours locked out from spending funds

making people only need to check the blockchain 2 times a year will sway people away
eg. why be a full nod if you know the locktime is 6 months and nothing can be moved in that time. thus no ned to monitor

if people are not using the blockchain daily they wont be full nodes daily. thus defeating the whole purpose
the node distribution shifts away from individual to become 'factory/watchtower' server majority

people would just find other coins that also use LN for the quick tx's and then have unlocked coins for the other stuff, to get cheaper fee's, less wait times, easier to negotiate channels weekly and still be active on the network will make the other coins more popular

people would just end up selling bitcoin and buying other coins and just forget about bitcoin if bitcoins onchain scaling is not handled

BIG DIFFERENCE between those events...  Virtually no one knew about the bitcoin mania back then, the whole world knows about Bitcoin now, and its still headed down.  The Bitcoin bubble is popping, and Bitcoin is going down to its intrinsic value of near zero.

All pyramid schemes, manias and bubbles pop.  The only thing that gives Bitcoin value is what some greater fool will pay for it.

Hard Facts

People will end up selling bitcoin when they figure out the price is collapsing, and that they will loose all their money 🤣🤣🤣🤣

People have bitcoin because they think the price is going to the moon, and they want to get rich.  Once they figure out that is not going to happen, you will see selling of Bitcoin beyond anything you ever imagined.

Hard Facts

Props for your efforts of making an update ::). By the way, I have a question. Do you mind if I bump this post when that time comes for you to see that you've done a terrible forecasting? Well, I'm not 100% sure either that bitcoin's price is impossible to hit that point by exactly mid december but sorry I really don't feel signs of it at all. You make me feel ecstatic to be honest, I'm now excited to know which one of us who  will hardly swallow what he said hahaha. Let's play your little game ;D.

10 million is a big number , let us expect a realistic one : 100 000 USA dollars in 5 years.

Absolutely agree with you but I am worried about those things which could stop the growth of Bitcoin like negativity, false statements by those people who called themselves cryptocurrency experts or crypto analyst and the involvement of some powerful governments which are attempting to target Bitcoin indirectly with the help of blockchain technology anyway we have strong understanding about Bitcoin and I am definitely sure nothing could stop the popularity, growth and the value of Bitcoin.

I remember reading a thread a few days ago about how someone was advertising to act as an escrow for a 50 BTC fee, this was back in 2010 when the value of BTC was close to nothing, but today the story is much different because Bitcoin hit a peak of $20,000 although it has lost over 65% of that value, I believe that it would rise and beat it's ATH although I doubt it would be as dramatic as $1,000,000 per bitcoin, that is unrealistic in my opinion.

I agree.


Surely it's more complicated than that, but I can see your point.


Does it matter "how" Bitcoin's on-chain utility is used? The Lightning Network still requires on-chain transactions.


Maybe. But I personally would never trade my Bitcoins for shitcoins just for "transacting". ::)


::)

Who said you can't make on-chain transactions with Bitcoin anymore?

I have a question for all Bitcoin owners. Why, according to coinmarketcap.com, coingecko.com, the average daily trading volume on the last days is 3 million btc, but blockchain info the average is 1.5 million btc. That’s half as much. So someone is selling fake bitcoins? Until we identify counterfeiters, Bitcoin will not rise. I am sure that none of the members of the crypto community sells their bitcoins at such a low price, because the future belongs to the cryptocurrency - even a child knows it. Unlike the dollar, no one will print bitcoin.

Yeah, first he'd have to get on Binance, Polo, Bittrex, Kraken, Coinbase (or some other exchange with volume); then get on CoinMarketCap ... You don't get on either of them without enough eyes looking at your altcoin.

Then for mobile users, they'd also have to see you on BlockFolio and a few other apps.

If you actually pull that off, then everyone will see the coin, might be a self-replicating / fulfilling prophesy kind of thing.


I almost always make on-chain transactions and pay 1 sat as the fee. Some get confirmed in the next block, some I have to wait a couple of hours.

I seriously admire your optimism.. $10,000,000 per bitcoin? I am usually an optimist but my imagination doesn't stretch that far, a hundred thousand dollars is somehow believable but I doubt it would ever get to a stage where a single bitcoin would be worth that much especially considering the fact that different countries would be launching their own Cryptocurrencies in the nearest future.

Please screenshot or save all of this stupidity for later. We will post.these comments in a few months. These animals will have to come back to the forum with a different name

10 million dollars is not a small amount of money. I can't imagine how and what would happen if Bitcoin was valued at 10 million dollars. We can be optimistic. but we also have to be realistic. Do not make your optimism as speculation in the future, you must think rationally according to measure.

devs are already doing the fake cries of
the need to raise onchain fee's under the pretense that miners need it
the need to keep baseblock low to keep the fee competition
the need to only increase if LN needs require it

meaning they want to bloat blocks with LN contracts and only scale onchain when LN starts running into issues with broadcasts


just remember if it costs $20 to use bitcoin. but other non blockchains and other blockchains can do it for $0.10 or $0.000001 people wont consider it beneficial to spend $20, unless that $20 represents many months of many transactions aggrgated (for anything apart from LN r-org contracts)

devs also want LN to not be a daily close/open. but a monthly-6monthly close-reopen contract broadcast
meaning instead of putting pocket change in for planning just a week of coffee convenience they want people to put in a months salary/half a years salary to cover any possible payment needs and also have reserves for others to use for their routes going through

as for the crapcoins. yea there are thousands of crap coins people have and can create for free and have no purpose.
but if people are finding it costing $20 to re-org a LN contract (onchain broadcast) of can do the same for 10cents on litcoin.
people will start to give litecoin the usefulness factor and people would rather have 150ltc rather than 1btc, which after all would end up being ~ same $$$$$
and knowing they are not spending $20 per LN funds re-org

do you think merchants would like to receive btc. to know it would cost them $20 later to 'cash out' of LN.. or would they flip to something like ltc knowing it would later cost them $0.10 to 'cash out' of LN
..
i would go into more details of LN's limitations both in tech, in ecomonics and in usefulness.. but ill save that for another post
but the summary is bitcoins blockchain should remain useful for normal transaction utility. and not just become a institutional vault that only exchanges and businesses handle

I think to reach $1 million there could be truly extraordinary growth in demand, probably caused by a worldwide lack of faith in fiat or some other major event. but even in the absence of much growth, if Bitcoin remains the premier cryptocurrency, then I'd expect the value to continuously rise in real terms because BTC is highly deflationary. so I wouldn't be surprised to see $19,000 again within a year or two, but I'm not sure about growth to $1 million in the next couple of decades at least. the fact is that most people are fine with using things like credit cards, bank auto payments, bank-linked payment apps, etc.

Of course Bitcoin will grow, but that amount you have mentioned I think it's too much, ten million dollars in ten years? Price will grow but your estimate is too high and I don't really think it will reach that in a space of ten years.
I know for sure that the government will always try to have control on bitcoin, and will fight against it if things are not in their favor. There will definitely be a disagreement among them, because someone them will be in support of Bitcoin while others are not.

Predictions I have seen is that Bitcoin will reach $500,000 to $1,000,000 in the next ten years and not up to the rate you have mentioned. I know for sure that one day the price of Bitcoin will go that high but the time is not now. That is why we should make sure of holding Bitcoin in our wallet as much as we can afford to risk, because a time will come when it will replace gold.

Miners don't need it? What do you want miners to do, altruistic mining?


Keeping blocks small was because of other technical reasons, node-centralization is one of them.


Wrong. The need to only increase it IF the network needs it. It doesn't today.


"They" want? How do "they" do it? Point a gun to out heads? ::)


When?

Pardon me if i am not making sense, last bullrun bitcoin faced a issue and that is transaction costs, which surge up as well but if bitcoin did manage to hit 10m per coin how much will cost to send that? The problem of bitcoin is its transaction fee honestly

"IF".

Bitcoin will not hard fork to change the rules, risk a chain-split, risk dividing the community again, simply because of some people's assumptions.

That's true, I am wondering what would be the level of desperation from banks left in the system, governments and fudsters once Bitcoin reach 10 millions per coin. People will just don't use the current system anymore and only use Bitcoin.

I wish they could read it like that but meh. We're like crazies from them in the end and they think that being regulated or covered by the government is equivalent to sure protection and safety of their money.
They aren't aware that it is pretty much exploitable by hackers and it isn't gonna be that much impossible work for them.
Pretty much there would be rain of regrets after the train ran to that price mark, OP.

While you guys are debating, I sent a transaction to myself for only 2 cents, and the value of the whole transaction was only a couple hundred dollars.

It's usable for now, but it was never designed for the typical coffee transaction.

**********WRONG**********

Bitcoin was designed to work as a blackhole. It is about to "swallow" the whole financial system as we know it. Bankers, central bankers , fudsters like khaos 77, Jamie Dimon, Donald trump, petter Schiff and Xi jing pin will have to use Bitcoin after all fiat become worthless. 44,000 bitcoins were moved on sunday for only 0.33 cents fee.

core are happy that bitcoin is only capable of handling either
600k people daily use
1.2m users every other day use
4.2m people weekly use
13m people monthly use

core doesnt want it to be for microtransactions nor for daily use. they have been very clear on their direction
core doesnt need to hold a gun up to people.. core are the gun controllers. they just prevent releasing guns for people to use against cores plans

core are not even giving users a choice no more.
they can slide in upgrades without the need for users to opt-in to activate it
they can mandate a ban on anyone that opposes a controversial upgrade
they simply just dont release code that opposes their own view
they dont accept nodes that oppose their view

core are literally telling people they are a central point. a CORE of the network. THE reference.
thy have mis-used and nearly abolished the consensus of fair open decentralised rule decision changes by avoiding the byzantine generals problem by not allowing anyone else to be a general and treating other dev teams that want to be equal power decentralised generals as the enemy
bitcoin is just soldiers following one generals orders now. and all opposition to the single general is deported to other networks



bitcoin just like fiat is not too big to fail, but my mind is to not even get it to that point of failure that i see core taking it with their remarks that bitcoin is just an experiment, a beta test, and how they feel that blockchains cant cope.
i am trying to remind people that bitcoin should go back to a more diverse node set and to give users the true consensus ability and to not be just sheep to core who want to take bitcoin down the wrong direction

other crap coins have gained popularity due to cores narrow minded process. and if core keeps strangling bitcoin. developer talent, and then merchants and then users will shift away from bitcoin and start to use other networks.. and slowly drop bitcoin

so if bitcoin is to head on a path to $10m/btc then something needs to be done to re-decentralise, re byzantine general diversity the network and scale bitcoin ONCHAIN to keep it desirable, innovative, functional and in demand

I have nothing against GMax... Microtransactions were not part of the design, go look up satoshi's posts in this forum. There are ways to do the "vending machine" transactions tho and it was probably another off-chain solution back then. You could send value down to the satoshi, but wasn't meant to send only just 1 satoshi.

I read ars for other non-bitcoin news.

You don't have to use core. You can fork your own if you don't like the rules or the protocol. You'll probably end up with something like Bcash or BSV tho.

I have no doubt that Bitcoin has this potential to be a 10 Million USD priced coin, but I am sure it won't happen. Because powerful countries won't let this happen easily, they will try to control the crypto market harder and even I don't want to see Bitcoin at 10M USD, 100K USD will be more than expected! If bitcoin starts growing like heavily, the world will recognize it and maybe they will endorse this great technology, but they will make stop it if the price cross 50-100K USD!

typical response of a centralised preferer
'if you dont like cores decisions you can f**k off to an altcoin'

totally missing the point that no one should have to fork off to other networks if core makes bad decisions.
core should only make changes if the community come to a concensus without forking

if something is controversial instead of forking people off. devs should re-address their proposal and find a compromise and features the community can consent to
bitcoin has lost its consent to upgrade. and become a deport opposition and upgrade without consent. which is not a byzantine generals solution bitcoin solved

Wishful thinking sadly. It isn't so simple as that.
Bitcoin have qualities of infinite rising value, but will it happen? Hard to say now, its still can be manipulated easily by wealthy people/companies if they wish. Slowly buying Bitcoin off market is simplest precaution of it becoming insanely expensive in future. For Warren Buffet fund or Facebook money or even google money it would be tiny tiny tiny sideproject to do (buying bitcoin steadily but slowly that noone notice). It wouldn't change their finance as companies/personas at all.

Your theory is valid, BUT they did not wait for the price to

get to the USD 10 million level to try to "stop" price and

network growth. They are trying so hard to do it since

Bitcoin was $50 dollars....and you know what???? THEY

HAVE FAILED.

That is why they are so desperate using the mainstream

media and paid fudsters in all forums telling people all

sorts of lies like Bitcoin is a scam, a ponzi scheme, is going

to zero, and a bubble over and over and over again.

Banks, governments and wealthy individuals are losing the

war against bitcoin. They know what is coming

It seems like what you say that really admires the perception that bitcoin can reach $ 10,000,000. but maybe I will also be very much in agreement with you will question, is it possible can happen? I doubt that because the value is too fantastic and we know that big investors also always play in it and manage all bitcoin movements. if it's a matter of fact there will be a new rival for bitcoin, of course I'm not too worried, all keep coming back that bitcoin is still king.

thats very exaggerated mate,i support bitcoin and had trusted for years i even hold amount longer but looking for 10 million dollars a piece?

i am enough with 100k$ and thats more than better to expect.

The number of people interested in the bitcoin exchange rate has greatly decreased. Bitcoin is no longer as popular as it used to be. In 2017 Bitcoin increased its value by up to 20 times. That's an unthinkable number, for sure a certain group of people had a very thorough plan to manipulate the exchange rate. Anyway, everyone has faith in the market and often pours money into it to keep Bitcoin's exchange rate stable above $ 3,000. Anyway, from $ 20,000 to $ 7000 is more comfortable than the loss of other altcoins.

It is a huge number if you think of it, but for me, it is possible to happen since bitcoin is volatile, all crypto does. Maybe it is a long time for that to happen, just look at the value as of now. It is on a downfall since it reached its highest peak of value last two years ago. If we still hold and support bitcoin maybe it can happen again. Do not panic sell because maybe it is the one reason also why the price is going down. Keep on promoting bitcoin because we can encourage more investors, the more investors the more possibility that there are more buyers of bitcoin.

Guys....ask people around you about bitcoin. How many of them know about it? How many of them own it?

We are in the very early stages of Bitcoin adoption and trading.

Price have going up insanely with just a small percentage of the world population using it.

Can you imagine what would be the buying power of one full bitcoin once 60% or 70% of the population HAVE to use it after the banking system and fiat currencies goes to zero???

There are only about 13 million bitcoin in circulation for 5 billion people.......just think about it. You have to be insanely stupid to think that bitcoin is going to zero or will stay sideways forever.

Core lives in reality, and accepts that there are technical limitations in scaling a decentralized network, WHILE maintaining decentralization.

I know what you are feeling and I don't want to be the destroyer of your dreams but here is the reality.

Imagine that Motorola - the first company which manufactured a truly wireless communication device in 1983, designed its production system so that it can produce only 10.000 mobile phones a year. Now, does that mean these phones would have been more scarce every single day because the population is almost required to increase its demand? And would that mean the price of Motorola phones will rise to $10.000.000? No. Why? Because people will simply associate and produce their own wireless communication devices, as these devices are just chips, resistors, transistors, capacitors, inductors, and diodes joined together the right way. And it s not only Motorola that is capable to put electronic components together.

In the same sense, bitcoin is just numbers associated to addresses that are transferred through the network from one address to another via some protocol. And it is not only Satoshi Nakamoto who is capable to design such paying system. This system is not Michelangelo's Pietà or Leonardo da Vinci's Mona Lisa. It is just numbers, addresses, database, and protocols. Everybody is capable to create that. So, no rational reason exists for bitcoin to cost 10.000.000 dollars. There is no reason for people to enter into fast, transparent and cheap payment system for $10,000.000, or even $10, if they can enter it for $0.001(altcoins) or if they can associate and design their own crypto payment system.

Bitcoin is simply a mega-bubble that diminished your ability to think rationally. Bitcoin can only go down to the price of an average coin. Just like Motorola's phones have the price of an average phone.

210 million million market capitalisation, and if we believe that let's say conservatively 10% of that is lost forever, then around 190. When you look at it that way, then it's actually not wholly unrealistic. Just only I'd say that the reality you paint is one for a future generation. I would be afraid for those who come after me if Bitcoin reaches that price point in my lifetime.

Then again, it could be $10M dollars isn't worth anything in that reality!

1. scaling does not mean 'gigabytes by midnight' (core propaganda) - sincerely, please stop reading from their story book
2. core said 2mb dangerous(core propaganda) then less than a few months later said 4mb is ok
3. yet the 4mb does not translate to 4x potential transaction scaling
4. since 2010, when the 1mb limit had some tests done, scenarios run and thought about its transaction count(7tx/s) limit.. bitcoin has since then
had many things that have made the tx and block relay made to happen faster
had the verification of signatures and blockdata made to happen faster

yet. 9 years later we have not surpassed the potential 600k a day tx count(7tx/s)

yes bitcoin is several times faster than it was 9 years ago but has not ben allowed to have a several times transaction count increase
why?
coz core said bitcoin is not to be used for everyday people. and blockchain is broke and how LN is the saviour

sorry  but id rather have 4mb baseblock that includes signature data combined where all full nodes validate all transactions and where that 4mb has a 28tx/s potential.. rather than the current wishy washy math 'weight' crap which after 2 years still hasnt even broke the 7tx's limit(600k tx a day) for a single day

do you really think its efficient code to have where
a limit of 4mb is fabricated to have ben reached.. but actually is using say 2.1mb of data
   (thus in reality not even using the full limits utility)
a limit of 4mb is not even going to get the community 4x transaction count
a limit of 4mb is not going to allow 4x transactions to make transactions 4x cheaper for all(back to under a penny)
  (core didnt make tx's 4x cheaper. they made legacy tx's 4x expensive then offered 'discount' to pretend it balances out)

would you be happy with a supermarket that offered milk at $1 a bottle. then raised it to $4 and then had a discount offer back to $1 but only for those using its loyalty card
.. be honest

last point
'decentralised'
reality is its a distributed network. as there is most definetely a central reference, a core an centre to the network. they have been literally shouting that out to the community with their branding

learn the difference between decentralised and distributed

and if you really care about your hard drive data
are you really ok with the 1mb->4mb.. but then knowing the 4mb doesnt even = 4x transactions scaling utility

....
anyway.. main topic point
imagine bank notes. one backed by silver one backed by gold
where it costs $20 to exchange a banknote from paper to the base metal
where it costs $0.10 to exchange a banknote from paper to the base metal

would you continually use the bank note with a $20 end cost. or move to a $0.10 end cost
would you continually use the bank note and not care about the base metal and just be happy using the paper
would you even stop using the paper bank note if the end user was no longer able to convert to base metal and stuck just circulating the paper money

truly ask yourself all the questions. not as a core defender but as an open economic system defender

Another fudster in the thread.

You cant compare Bitcoins with phones. It is a very stupid analogy.

Bitcoin is unique, rare, scarce (limited in supply), unhackable, sensorship resistance and cannot be conterfeited

Phones cant work as money

There are about 2000 altcoins and none of them have the trust and the capabilities of Bitcoin.

Bitcoin is 11 years old and people still dumping 1 year old "new" shitcoins to buy bitcoin.

If you think that a centralized shitcoin could beat Bitcoin..........well, that is far from happening. Almost impossible.

I achieved my dreams already, so you are not hurting my feelings.

I am very sorry if you are a nocoiner.

https://www.instagram.com/p/B5bXeHcgA9T/?igshid=15hwfoegryh2o

seems your new to bitcoin and dont know it all yet
bitcoin 2019 is not the same thing as bitcoin 2009

you say it cant b counterfitted and is unique.. sorry but there are as YOU SAY 'about 2000 altcoins'
even the dollar is not unique. there is australian, canadian, zimbabwee, .. loads of dollars.

as for rare/scarce. there are 2.1 quadrillion sharable units. and if devs have their way there will be 2.1 quintillion sharable units

bitcoin was unique 2009-2011. then litecoin and namecoin popped up
bitcoin however retained popularity because
the units were more scarce than litecoin.
the price already had higher valuation and the investment in mining was higher, and people didnt want to lose it
merchants already were advertising 'bitcoin accepted here'

..
however bitcoin does not offer the most transactions per day compared to others anymore
however bitcoin does not offer the lowest transaction cost compared to others anymore
however bitcoin does not offer the diverse development it used to compared to others

merchants are dropping off from their 'bitcoin accepted here'

even developers that were bitcoin heavy have started playing around with altcoins and non-chain networks
bitcoin wont just keep going up in value due to 'to big to fail'.. but bitcoin can go up if BITCOIN UTILITY increases

There is a extremely low possibility for this


'as for rare/scarce. there are 2.1 quadrillion sharable units. and if devs have their way there will be 2.1 quintillion sharable units'


You can't compare cell phones with bitcoin. You can create a ton of cellphones as much as you can and there is no protocol that could stop you from create MORE.

However, the Bitcoin created in 2009 will be just ONE unique code that only allows everyone to create 21 million.

https://youtu.be/ARKcHZ45y_k

Basically that's what most of us are expecting. Reaching the best top value of all times.
Those might be due to same reasons stated on this topic or simply put people become selfaware of the possibilities that it brings to the table.

For their daily lifes it will be a must have to become someone with more currency power then every other human being.
Thus opening more possibilities in the future daily lives if bitcoin will become just 1 currency replacing fiat.

Hope is of course the aim of us, but is it possible? this is also a separate question.
but for me it is too much to be able to determine that much, maybe it can be realistic again even though maybe that is the hope of many people and me too.
It seems that your desire that bitcoin can replace fiat, seems to be difficult to realize because uniting policies between several countries will be a separate obstacle.

firstly. if you have been following the LN direction the devs ar trying to push. ud understand the 1000x multiple of sharable units.

as for other stuff...

imagine it this way.
world average life savings is $24k per person
thats $168 trillion
which is ~$8mill a bitcoin
thats if every single persons assets and currency was put in as bitcoin... $8m
again $8m

but not everyone is going to go for the 'one world currency' idea ..
people like diversity, they like choice they like to spread their assets and not have everything locked up in one basket
thus smart investors try to have a 10% spread per asset , meaning if the world was smart $800k

however thats the good side.
there are 200 countries meaning 200 diverse cultures that may not want to b globalised to a single currency. so not only think 10% diversity but 0.5% diversity meaning $40k bitcoin value

we are not in a world of a on currency society. we are not in a world of a one phone society.
even apple doesnt have 7billion phones
infact the google searches of apples '2billion ios devices' does not mean 2billion people have them. it means many people have 3 devices on average (phone, tablet and computer)
so apple even with its big world wide known brand is not a 'single world device'
people like choice and freedom

people want choice and freedom and something to hedge their bets against

this is why i personally dont think the $10m PR campaign holds legs. and what we should instead be doing is making bitcoin (NOT alternate networks cobranding) but making bitcoin useful for the masses so that bitcoin is sustainable and useful

if people just think about it getting to $10m and cash out because bitcoin is not useful.. all that happens is a mass flood back to fiat once people get rich.. leaving bitcoin crashing and not useful

I agree with you I think $100k is a big enough but I always expecting it can reach $250k or even $500k that 10million dollars is just too unrealistic thing to happen however it could be happen if bitcoin is the only cryptocurrency but its not

Brushed
\_|||||||_/
Г|||||||||
|  !!!!!!!
[         ( ￦ )

hope so, when it become too expensive, and money flow in to rich people. investors wouldn't be so interested in bitcoin, but other coins. i think so
it could end up higher price, but 10M is very insane number.

Bitcoin is the only way out from the problems our current financial system is facing.

https://youtu.be/PwUT6D5mR2o

The fed have only two options.

1. Keep printing money,

2. Let the system collapse.

Both are catastrophic.

What is the only solution for a reset? What is the only hedge?

BITCOIN

https://medium.com/swlh/bitcoin-halving-everything-you-need-to-know-4573dc5b528e

https://beincrypto.com/why-did-satoshi-nakamoto-choose-21m-as-bitcoins-maximum-supply/

https://twitter.com/100trillionUSD/status/1201983119387217925

titanic was to big to fail.
problem was soo many people thought it was soo big to not fail that they stopped watching out for iceburgs

all im saying is if you want a successful voyage to $10m land.. watch for the iceburgs and stop letting the captain of the ship drive it into other islands of ice saying that full steam ahead is the only way

Also watch out for people who like to think they'd make better decisions, but don't even know how to navigate.  And based on the comments they've made previously, it's obvious the ship would already be sunk to the deepest depths of the ocean if they had any influence over the heading whatsoever.

based on your post history your mindset is to ignore the iceburg and instead just tell people to jump off the ship if people dont like its direction
pretty lame mindset you have

i know you just want to kiss the captains ass and tell him he is going the right way. continue to tell people to ignore people who are shouting about the iceburgs

if you did not realise
if bitcoin was the whole solution. there would b no ned for altcoins/altnetworks
if bitcoin was the whole solution YOU and devs wouldnt be trying to pigeon hole and push people into other networks

go on admit you want people to get off the titanic and jump into LN lifeboats rather than ensure the titanic doesnt hit the iceburg

I'm not trying to push people anywhere.  Totalitarianism is your speciality.  Also, I'd rather have the option of there being lifeboats available when compared to your vessel, 'H.M.S. Dumbfuck', where lifeboats apparently aren't permitted and people shouldn't waste their time even building them.   ::)

Pleasant sailing!

building lifeboats are fine. having choices are fine
but prtending the lifeboats ar the same as the titanic and that the titanic should just go ahead to hit iceburgs because people can just jump off .. is not the solution

you are being ignorant and keep kissing the captains ass to carry on in one direction because people should just jump off is your totalitarian desire.
you would not even dare to tell the captain to change direction or alert him to iceburgs

you dont care if it sinks
you dont care what the people use
your desire is just to keep the captain happy

analogy
doomad: "everyone JUMP on the LN lifeboat, its safe because we called it titanic layer2"
passengers: "no just turn the titanic away from the iceburg"
doomad: "no.. dont you dare tell the captain what to do.. you need to jump off the titanic, it cant scale around the iceburg"
doomad wants to set a new onboard policy 'anyone trying to tell the captain to change direction needs to jump off the ship whether the danger is near or far'

Mainstream media says: "Everything is ok, the fed is doing the right thing, economy is good, national debt is not an issue" etc

The ship: current financial system

The lifeboat: BITCOIN

You know you can still invest small amounts from the total value right?

I mean even if it's $10,000,000 ten million dollars per coin you can still take out a portion of it for your own investment and take your changes.
It's better to invest into something that is worth for rather than be static and waiting for the price to drop just as you said so other low rich people can start investing in it.

Be realistic on the rewards, are you even sure that the price of the bitcoin will easily become that? You are too greedy because you are not considering the risks and you are only focusing in rewards. That's the problem to other people, they think that the value will become instant million dollar per each. The ptice of bitcoin will not become like that easily, you should be aware to support and resistance.

i heard that you said risks  . what you mean by that  ? when btc pric increase verry high , risks also arises ? hmm i dont think so  . what i only think is that when the price is high the rewards that we get is also higher  .  risks are there even if no matter what amount the price ended up ( small or big )  .overall the guy's prediction was still insane  .  i dont even expect that btc can reach 1 m usd but how much more 10 m usd  ? lol  . lets be realistic please people

you're right, I always prepare more than 0.01 bitcoin in my wallet. if the price of bitcoin reaches that price, even having 0.01 BTC will be very valuable. today we are still guessing and thinking that it is an impossible price to reach. but, when that is achieved, all that remains is regret.
if you feel that investors will feel that the price of bitcoin is too expensive and aim to collect other coins, I think collecting it now is a pretty good thing.

It is quite exaggerated, now we are at a price point where it is very crucial to make a decision, but it is quite beneficial for us to stay positive despite of the market condition. It might not be achievable may we should already be thankful that the all time lows of bitcoin is the one that is increasing. Forget the ATH because we need consistent market price increase each year rather than experience a huge bullish moment where we aren't prepared or in another case, we don't have enough investment.

this will never happen in our generation mate,this is too much to expect and not realistic.i think 1 million is enough?(hahaha)

kidding aside 10,000,000$  value is very huge ,look if the 10 million bitcoin will be multiplied to 10 million$ how much would it be?even the total value of money in the world wont get closer to that amount so that is exaggerated i think.

As long as people trust fiat money, bitcoin cannot be worth $10,000,000.

In most places if you want to buy a house or food, you need fiat. For such a high price, anyone who holds bitcoin will unfortunately want to sell. 

For bitcoin to be worth that much, it needs to be used exclusively for crypto-crypto trade.

It is really ridiculous, for me it is not possible even the mass adoption occurred. $10,000,000 per each, WTF! Even $1,000,000 per each for me is impossible. It is really exaggerated and for me it is not even realistic. Do not invest in bitcoin if you think that this price will be achieved, you will only lose your time and effort. Be realistic in your target profit for you to have good trading plan.

Short it. Put your house, car, your slutty wife and your retirement as margin. Shorting from here to 0 will result in a great profit. DO IT

Of course in this crazy world of cryptocurrencies anything is possible, but your idea is crazy. Even in my dreams, I didn't think of bitcoin costing $ 10 million. All current predictions are based on the past and the scarcity of btc. But the most important thing is the popularity and practical use of btc is not high.

Of course they're the ones who want it the most!  Getting rich from bitcoin has been the impetus for untold numbers of newcomers to the bitcoin scene, and they probably can't afford to own even a single, whole bitcoin.  Let 'em dream I say.

$10 million is a long-ass way away, though.  I have my doubts that I'll ever see that in my lifetime, and if it does happen I'll probably be thinking through a fog of Alzheimer's how to spend my bitcoin riches from a comfy bed in a nursing home.  Or hospice. 

One other good thing about a price that high is that it would allow institutional investors to own bitcoin outright, which they currently can't do as a practical matter since the market cap is too low to allow enormous purchases.  Currently they could buy bitcoin, but they'd be backing themselves into a corner by owning too large a percentage, which would be sheer hell if they tried to sell it.  Anyway, that price level is kind of a pipe dream to me.

You would have said the same when it was $0.01 cents.

Me: Bitcoin: The path to $10,000 ten thousand a coin.

You, Khaos, and fudsters: OMG are you crazy??? That is a pipe dream price. Bitcoin would have a market cap of Billlions. That is impossible.

You can get very rich in a Bubble 💰💰💰💰

People got rich in Bernie Madoff's pyramid scheme, people got rich in the .com bubble, but even more lost it all when the bubble popped.   Once the market psyche of Bitcoin starts to change, and people no longer believe that the price is going to the moon, you will see selling on an EPIC scale... And resulting price drops that you did not think possible.   No one that thinks they are going to get rich by trading in a bubble will face reality until reality punches them in the face  😭😭😭😭

Hard Facts

10 million is impossible, but 1 million is close to reality.

***WRONG***[/size]

People have been saying that Bitcoin is a bubble since it was $10 dollars. That is no longer a valid argument.

IF Bitcoin is a bubble for you then short it.

дyмaю 10 000 000$ этo cлишкoм мнoгo

Damn, I have never read so much stupidity in one single post.


Fiat?, real estate, TETHER?. Wow.

Are you a banker? a tether dev?

You are DOOMED with that strategy

Well, actually that probably isn't the case. I'm not saying that Bitcoin will ever reach $10 million per coin, but if by some miracle it does, then the number of people who actually own a whole Bitcoin will be significantly reduced compared to today.

Likewise, it can be safely assumed that those who do have a whole Bitcoin at the time, probably didn't hold it from now until then, meaning they didn't experience the more than 100 fold gains required to get there.

That being said, a lot of holders will sell out between now and then, but anybody who bought Bitcoin at $10m will have no incentive to sell it at the same price, unless they're simply transacting with it, which is what would likely be the case at that scale.

just so much rubbish and nonsense in one discussion... i don't think it can happen at any circumstances

absolutely right, it is our hope all here, if it really happened, then surely bitcoin hunters will be more and more .. !!

Ten more years for 10 million $ per coin is too much, yes, even though I agree that bitcoin is a substitute for fiat currency, which is likely to be replaced by bitcoin.
I think people will still think of other alternatives before running to bitcoin such as gold, silver, or other long-standing commodities.

Lots of chaos as well as lots of BS in one discussion, I guess its ok to out your opinion but just dont go out of bounds.

I guess everything depends on Satoshi, when I think of price reaching that high, he might come back or do something. Not necessarily supportive with common people. Hopefully, we will see a day where world is using Bitcoin as currency.

+1

 $10 million dollar per coin maybe sounds like incredibly non sense ( at least for now ) and could bring chaotic into our current traditional financial world .
But who knows later in the future having a currency that worth millions dollar per 1 coin is something ordinary, everyone get used to it already and things just fine with it , who knows right? We can't imagine that now the same thing like we never imagined that Graham bell invented practical telephone , the same thing like we never imagined a world with internet as a primary need in our daily life.
Things changed fast , bitcoin with its revolutionary financial system could do that too.

The way I see it now, Bitcoin will exist alongside fiat and will probably be regulated.

Bitcoin is impossible to regulate my friend. Banks, central banks and governments are doomed. They would go bankrupt even trying it.

There will be a point in time where everybody will realize that Bitcoin is a blackhole that is everywhere and cannot possibly be stopped.

Fiat will disappear because it will be worth nothing against Bitcoin.

Everybody will HAVE TO use Bitcoin.

ahaha what a joke.

Actually, Hal Finney predicted 10 years ago that bitcoin could reach $10 million per coin. His assumptions were if the entire world M1 (or cash equivalent) would move over to bitcoin or about $300 trillion or something.

Still, that's going to take at least a couple of decades, so maybe 2040 or 2050 we can revisit this thread and see what has happened.

YES YOU ARE RIGHT, I fkn forgot about that post from Hal Finney...OMG.

But, we are getting to 10 million per coin waaaay before those years.

I believe that you are referring to the post in which he considers the possibility of Bitcoin replacing all the wealth of the world. Simply stated, he is wrong because money can't do that. He is conflating the "store of value" and "unit of account" aspects of money. For example, a house that you own has a value that is part of your wealth, but the house cannot not be replaced by Bitcoin.

It is also a mistake to compare Bitcoin to M1, M2, etc. because those money supply values include the result of fractional reserve banking. The correct comparison is the global monetary base. Matthew Mežinskis and Fernando Ulrich (cryptovoices.com (https://cryptovoices.com/)) have done a lot of work along these lines and have come up with a maximum potential value of the Bitcoin money supply -- about 19 trillion USD, or about 900 thousand USD per bitcoin. Keep in mind that those values assume that Bitcoin will replace all of the money, which is not likely to ever happen. Note also that the values do not account for future economic growth and lost bitcoins.

WRONG

Central Banks are increasing the money supply by billions every single day.

There is a misunderstanding regarding a market cap.

It does not matter what is the world money supply, the market cap is just the amount of units available x price. If someone buys a Bitcoin from someone else @10 millon dollars...thats it...Now that is the market and 10 millons x 21m coins= market cap

Therefore, the total money supply and global weath amount have NOTHING to do with market cap

This is all just phantasies. I think that bitcoin will never rise in price above $ 50,000. The demand for bitcoin will grow, however, it still will not be able to lead to such a high price.
Also, banks and national money of states will not disappear anywhere. They are under the powerful protection of the state, and a decentralized cryptocurrency does not represent a danger to them.

Don't be an ass. I may make some assumptions that you don't agree with, but that does not make me wrong.

I assume that Bitcoin is (or will be) a form of money, and that people will value it as a money. That is why I think it is valid to equate its value to the other monies in the world.

In contrast, you have yet to support your $10 million valuation by anything more than fantasy, wishful thinking, and irrational exuberance.

Fiat currencies always go to ZERO,

Bitcoin is a blackhole that is in the process of swallowing all of them. Everything will be priced in satoshis and there is nothing that could stop this from happening.

Bitcoin growth and adoption will make banks go out of business and FIAT go to zero because people wont use them anymore.

FIAT devaluation + Bitcoin growth is the perfect formula for the banking system extinction.

All of the above factors are creating an unsustainable situation for governments, banks and tax agencies.

You would have said the same when Bitcoin was @ 1 dollar per coin.

"iT is impossible for Bitcoin to reach 1'000 dollars per coin' (It went to 20,000)

 The future of having to hold bitcoin is bright especially in this market dip. Most currencies are falling so badly and i know in no time, most countries would move in for either bitcoin or using other popular cryptocurrencies. Seriously if you are not investing into bitcoins at this age then you are really missing out big time. Buy and hold patiently for the bull market.

Sorry, no. This is what I wrote in 2012, when the price was about $10:


The numbers have changed as I gained new insight and information, but I was basically saying the same thing then that I am saying now.

I'm the biggest bitcoin bull on fundamentals but it wont get anywhere near that under non hyperinflationary scenarios.

$50,000 in the short term (within 5-10 years) would be realistic.

Think on this:

1. There are 105 wallets with 10,000+ BTC and 2027 with  1,000+ BTC
2. If BTC hits $100,000, there will be up to 105 new Bitcoin only billionaires.
3. If BTC hits $1,000,000, there will be up to 2132 new Bitcoin only billionaires.
4. There are only 2,100 billionaires right now.

The expected wealth transfer that would have occur in one generation for BTC to reach $100,000 and $1,000,000 let alone $10,000,000 is ludicrous and won't happen.

You must be retarded.

Litecoin is a fork of a BTC that sacrifices security and decentralisation for slightly more throughput.  First mover SOV won't be displaced.

BTC is here to stay and the prices will continue to grow (as long people use inflationary FIAT currencies).

If that's the case, then how stupid must the rest of the world be for not adopting LTC and making it the #1 crypto?  I mean, if it really is that much better and all... everyone has had ~8 years to notice it.  Surely Bitcoin should have been left in the dust by now if that were the only consideration?

That, or you're wrong.  As usual.

If performance was the only thing that mattered, people would buy mopeds powered by jet engines.  But they don't, because it would involve making sacrifices in other areas.  The trade-offs are simply not worth it.  If you are incapable of understanding why compromises are sometimes undesirable, perhaps it is you who fulfils the role of dumbass in this conversation.

We cannot deny that the value of bitcoin is gradually guaranteed and affirmed by the community and countries around the world, with every passing day in the world, bitcoin will be known and invested more, and with this base, a good future of bitcoin is welcoming us and right is like you said, if someone hasn't bought bitcoin right now, they are wasting valuable time. However, don't let the brilliance and rumors of bitcoin make us expect more from it, focus on the milestones and make a profit from it, instead of believing in unrealistic topics like here

It's an insult to see this thread get more than 200 reponses.  This isn't going to happen in your lifetime if it ever does.  It's going to take probably fifty years to even get close let alone even 10% of that estimation.  Are you trying to make me puke?

This isn't a company owned by someone who knows what they're doing.  It's a shitfest of angry people who consantly abuse people trying to get attention and act like they are smart like the author of this post. 

Talk is cheap.  Stop being fictional and come down to earth thanks.
If brookshire hathaway hasn't reach a million yet, bitcoin isn't going to even come close.  Stop being so dumb please.

WRONG

1. It is so obvious that you dont know anything about Bitcoin

2. You cannot possibly compare a company witj Bitcoin

3. Berkshire can issue as many shares as they want.

4. Berkshire is a centealized company, Bitcoin is not

5. You would have said the same when Bitcoin was $0.05 cents a coin.

"It is fictional for Bitcoin to get to $500 dollars a coin. It wont happen in our fkn lifetime" (Went to 20,000 already)

I am sorry khaos, but i don't see anyone talking about

Litecoin anywhere.

Besides Bitcoin there is a huge cryptocurrency that is a lot

better than litecoin and will be more used than

Litecoin......that is Monero. No one will care about other

altcoins once people realize the power of Monero.

The only issue with monero is that it does not have a

supply cap and is not that secure like Bitcoin.

That is why Bitcoin is the only alternative to the current

financial system.

SHITCOINS LIKE LITECOIN, BANKS AND FIAT ARE DOOMED

Right. And when there is only one bitcoin left in the whole world, with a tiny change in the program, a satoshican be divided into billions of tinier pieces. Fiat does this through inflation.

8)

WRONG

That does no cause inflation. People will have the same amount of Bitcoin just with more decimals


GO BACK TO SCHOOL WITH KHAOS

I think the bitcoin price will rise too much. But I think the bitcoin price will not be $ 1 million. If Bitcoin is $ 1 million. Do we know who will have this power? I think all markets are in danger. I think a sensible price of 100000 dollars for bitcoin.

I understand how people could promote cryptocurrencies in their own way, but I think your style is some sort of exaggerated. Bitcoin could still be at its lowest dip no matter how good it already achieved before. There are limitless possibilities that could happen in bitcoin depending on us, people who are utilizing it.

I see you hate banks too much, and you really want the adoption of cryptocurrencies. What if we think of other ways where banks could not be hurt too much and at the same time, people start to look positively on crypto.

I agree to you that bitcoin might reach such a huge price in future. Bitcoin is the future currency. Before we only use fiat because we do not have technology but now that the worls become more of technology and in future become the technology itself. There is no need to use fiat. We will use currency in technology and that is bitcoin.

The only problem for me is that i do not have enough bitcoin that can sure, i'm one of the richest people. So i am working hard. For this future.

That's actually a good bet. Get a whole coin. 1 BTC. Put it in cold storage with multiple backups. Don't touch for 10 or 20 years. You'll have between $1m to $10m then. Or even if you have $100k or $50k, that's a much better return than almost anything else out there.

That is true. There are no guarantees on returns. There never have been. Past performance does not guarantee future returns. They just tend to rhyme.

I mean, if you go look at the overall stock market, the average returns for the past several decades is consistent, but again, there are no guarantees that the future will perform the same way. It just seems likely it will.

Bitcoin is only 10 years old. Very new. Very nascent. Don't risk more than you can afford to lose, because it is possible to go to zero.

First, we have 50K USD per bitcoin, then 100,000 USD per bitcoin and now 10 Million USD per bitcoin. You are right why buying the whole bitcoin, why not buying just few satoshis that can give you a hundred thousand USD profit.
Surprisingly, OP says fiat (USD) will completely fail in the next ten years but bitcoin will still be measured in USD   :D :D :D

Even the price of one hundred thousand dollars for cryptocurrency is a lot. It is unlikely that we will see the price of bitcoin even at one hundred thousand dollars. The cryptocurrency market has not fully recovered after Bitcoin reached a price of $ 20,000 two years ago. What will happen if its price rises to 40,000 - 50,000 dollars?

imagine network fees with such bitcoin price lol ;) "I sent my sister some satoshi, transaction fee was only 1000 usd!" ;)

Too much gargabe in one single post from a faggy SOB.

Lets post something relevant.

https://cryptoslate.com/deutsche-bank-crypto-could-replace-fiat-and-soar-by-2030/

::)

Trolls love to talk during bear markets, and forget the simple fact that Bitcoin is always in an upward trajectory. Zoom out, it's not over.

https://pbs.twimg.com/media/EK5UsqzWkAEXuLH?format=png&name=large

https://twitter.com/100trillionUSD/status/1204399172495040513

I’m already used to a huge number of bitcoin haters and skeptics. Bitcoin is an incredibly promising asset so I believe that it is going to the moon! Your schedule is awesome

FACT: https://www.coindesk.com/why-bitmain-is-building-the-worlds-largest-bitcoin-mine-in-rural-texas

True Ponzi schemes:

Central Banks (Cannot stop printing money because the banking system collapse otherwise)

Stock Market: Addicted to QE. iT would collapse without QE and low interest rates.

Hedge Funds.

Derivatives Market.

Khaos that old argument about Bitcoin is not valid anymore. Bitcoin is the PIN for all of the above bubbles.

They have done the required research about weather, energy, temperature, and everything is well planned. I know them......and remember...

True Ponzi schemes:

Central Banks (Cannot stop printing money because the banking system collapse otherwise)

Stock Market: Addicted to QE. iT would collapse without QE and low interest rates.

Hedge Funds.

Derivatives Market.

Khaos that old argument about Bitcoin is not valid anymore. Bitcoin is the PIN for all of the above bubbles.

Can someone please do some research about that ZEIT coin please?.

Anyways. The Ponzi schemes mentioned in the big red sentences are about to collapse.

Tell everyone what percentage of your retirement is in those Ponzi schemes?

Agree, people around the world will realize how useful and beneficial using bitcoin as a payment method or just a store of value compared with fiat currency which is always affected by inflation.

The current financial system is on the brink of failed, proven by some countries in economic crisis or hyperinflation, but it just a few, most countries still hold on and going well even though the economic growth is not so good. We will see whether the government's attempt to create their own digital currency will be successful or just another failure in the end.


$10 Million in 10 years later? Hmmm, I'm not so sure, considering the current market condition, whales, govs regulation, manipulation, fraud activities using bitcoin such as exchanges hacked, acceptance, scalability, and so forth. I'll say bitcoin will hit $1 Million in 10 years, in 2030.

i think that the value will reach ten million in 20 years. It won't happen soon.

Trolls using the "But Bitcoin is a Ponzi" debate. But is gold a Ponzi? Who was responsible for boot-strapping the gold market Ponzi? Who in Bitcoin? 8)

I am very much convinced that bitcoin will surely go up in coming years. If we see price of bitcoin in its first ten years, it has jumped from zero to current price of 7000 $ and not to forget its ATH of 19000 USD. If bitcoin continuous moving like that there are bright chances that bitcoin may become 10 million $ worth of coin.

Mining is not profitable for some because their cost of production is higher than they can currently sell what they mine, their machines are not as efficient, difficulty keeps going up and some other factors.

If difficulty goes down, then the remaining miners will be in profit.

If difficulty goes back down to previous levels, then older hardware will fire up and start mining, or people who have the latest hardware will keep them turned on.

It self balances, so don't worry about the miners unless you yourself plan to be one.

I dunno about you, but I look at the lows of each year.

These are the levels guarded by the true HODLers.

2010 – $0.01
2011 – $0.30
2012 – $4
2013 – $65
2014 – $200
2015 – $185
2016 – $365
2017 – $780
2018 – $3200
2019 – ?

There's also another one that goes like this:

2012 = 5
2013 = 13
2014 = 313
2015 = 177
2016 = 373
2017 = 803
2018 = 3225
2019 = 3404 * as of June 2019

Bitcoin can drop to zero, but that isn't any more likely than it going back to $19k.

The main problem for why Bitcoin isn't going too much up in value is because of Bitcoin futures. Ever since Bitcoin futures were introduced, the digital currency and Bitcoin market at large, has never been the same why? The reason is that people found a way to make money shorting Bitcoin prices without having to own a single Bitcoin. This is happening day in day out, over and over and until we have a substantial amount of people holding Bitcoin, we will see this shorting of the market for profits be what is going to keep the price of Bitcoin down. This has been happening with gold and other assets/commodities too, which are highly undervalued because of the futures market and those controlling these markets. It's a nice thought to see Bitcoin go to over a million dollars, but I do not see it happening in my lifetime.

To the right of the decimal means lower value. If you are implying that something is worth less than 1 satoshi, or 0.0000 0001 ... then that implies too that the whole 1.0 BTC is also worth more.

Also if enough miners quit, then difficulty goes down. If difficulty isn't going down, then miners are not quitting.

My Hard Facts Coins are very limited in supply, only 1000 of them will ever exist  🤣🤣🤣🤣    A limited supply of something that is worth virtually ZERO does not make it more valuable.  

There is no significant bitcoin demand, price keeps slowly going DOWN.

Bitcoin supply is not decreasing, there are an UNLIMITED number of crypto currencies that can be created, that can have the same or even better properties than bitcoin.   It is easier and faster to make Crypto Currencies than it is to create FIAT money.

Being first means NOTHING.    Anyone still want the first Cellphone ever made ???  Anyone want the first computer ever made ???  Are they the most valuable items now ???   Soon enough, no one will know or care which Crypto Currency was first.

I would trust the FEDERAL RESERVE, and the US DOLLAR to hold some value much more than I would ever trust bitcoin.   At least the Federal Reserve does not deletes posts, move posts to where they will never be seen, or otherwise CENSOR people like the bitcoin community does 🤐🤐🤐🤐    Given what I have experience here, the Bitcoin community is only inserted in pumping up the price of Bitcoin, and is more corrupt than the Federal Reserve and Wall Street Banks have ever been....

Hard Facts

I think the analogy suits best like this, if the difficulty goes down, that is the time miners will stay, and if the difficulty goes way up higher, that is the time miners could not afford the price and people aren't buying their bitcoin so the only option they have is to stop and to quit. But I highly think that miners won't they often dictates the market price and is too merely impossible to quit because they already established their mining facilities and it is hard to just let go of it.

It won't get that high

The Trolls. They want Bitcoin to die because they believe their shitcoin can take over. They can't accept the truth that Bitcoin is carrying all their coins on its back. Bitcoin dies, your shitcoins also die. Reality. 8)

I hope Bitcoin will become the most adopted currency, but unfortunately I don't think it will happen because of the the government.


Kind regards,

Bjarne
https://www.vibla.dk/ (https://www.vibla.dk/)

TYPICAL DISHONEST WAY TO DISMISS FACTS:  You REALLY claim to know my motivations ???   I do not own any other crypto currencies, and have no attachment to any of them. 

My motivations are actually much more simple and honest...   I would make the investment that would make me the most money in the quickest amount of time 💰💰💰💰   If I thought there would be a big spike in Bitcoin, I would be all in, and then take my profits.   

BUT, I do not see any value in Bitcoin beyond what some greater fool will pay for it.

Hard Facts

Don't need fools to pay for it. Just demand from other normal people. You can say the same thing about all other stocks, bonds, and ETFs.

By the way, I like your disposition about your hope for bitcoin to be one of the most valuable currency in the world. Moving on, fiats actually isn't failing or in some words, worthless at all. Basically, to accumulate bitcoin, what users are doing is converting their money to Bitcoin and I see, most people are seeing bitcoin as an investment platform and not really an effective payment option because of some reasons that we already know for sure (Trans fee). Despite of that, Achieving a huge amount like that seems to be impossible as for me, it takes all of the currencies mixed together converted to bitcoin to hit the goal. And not all of the country's government do really welcomes crypto in the first place.

Will it realistically occur like this prediction? Of course many perceptions will arise with this question, but we must also be realistic about this. many people who will do things that do not make sense to accept this reality because that can not be accepted by the logic that arises from the incident.

Considering the entire nature of Bitcoin and its ecosystem, there are huge possibilities that the market value of Bitcoin might be worth thousands of dollars but I don't really see it becoming worth millions. In as much that there is a specific total amount of Bitcoin to be in total circulation, that can't be an indication to conclude that 1 bitcoin might be worth 10 million dollars in some time to come.  Even if Bitcoin is worldwide adapted into the main stream financial ecosystem, its market value will not be up to millions.

I also think that way, and if that is the case then I will look for other coin references because the high price makes me more careful because a small amount of bitcoin is definitely valuable. but I'm not entirely sure the price will be in the millions of dollars.

We are still confused that whether bitcoin will see cross its all-time high again or not and we have predictions that it will be 10 million dollars per coin. I don't think government bodies will ever let this happen. Nobody can predict the future price of bitcoin and its useless to follow such predictions that are backed by nothing.

true, we can not know that the price of a pump can be high again or not and if we remember that in 2017 a high pump occurs, many agencies want to drop it. maybe if the price really happened then it could be the same thing would happen too, but I didn't expect that the price would reach millions of dollars.

The guy who created this thread are really expecting too high. Is he day dreaming? It is really impossible to see that the bitcoin will pump like that. Right now, the price of bitcoin is having a hard time in surpassing its current resistance. We should be realistic if we want to buy bitcoin. A million dollar per each is really impossible to achieve right now because bitcoin is still undergoing to some government regulations and compliances.

ABSOLUTELY WRONG  👎🏽👎🏽👎🏽👎🏽   Never listen to anyone that makes bad, false statements like this...

Stocks are in a bubble, and a bad investment, BUT, they do have a real company backing them up.  You are buying part of a company, something that creates real wealth  Stocks are not just a worthless thing that gets is only value based on what some greater fool will pay for it.   

Yeah, there are a LOT of bad investments out there,  so that your reason to suggest everyone buy into another bad investment  🤣🤣🤣🤣   Listen to fools like Dabs 🙈🙈🙈🙈  and you will lose a lot of money.

Hard Facts

indeed, very true and is nothing we can do about it! even more the main problem of bitcoin is that can't be used for micro payments. and also it cant be used generally because of the volatility and lack of regulations, but how can you force a regulation on such a network?

The trolls claiming "Ponzi", but ignore the fact that real energy, with real costs were spent to earn it. Is gold a Ponzi?

Hope is beautiful and the reality is cruel. At present, governments of many countries are suppressing digital currencies. I think the price of Bitcoin is difficult to reach this height.

ENERGY, INVESTMENT, and EFFORT are wasted all the time with nothing of value returned...  Just because you put time and energy into something does NOT make it valuable.  This is grade school level stuff here, the fact that you are missing such basic logic and intellect tells me that you are so anxious to become rich, that you are ignoring facts and reality...  A lot of time, and effort went into many bust projects that are worth zero.

Gold is real, with many real uses and properties in the REAL world.  No comparison to Bitcoin that has ZERO value or use beyond what some greater fool is willing to pay for it.  

A lot of Ponzi Schemes have made a lot of people rich if you are smart enough to get in early, but the Ponzi Schemes make a lot more people bankrupt when they collapse 🤣🤣🤣🤣

Hard Facts

It's really so hard to see bitcoin at the rage of 10 million dollar per coin even in the long future. I mean 10 million dollar is really a huge amount which it's unbelievable for just 1 bitcoin. I think even if bitcoin will be used by all the world and get a high potential, it's so hard to even cross the 1 million $.

Ponzi Schemes result in ridiculous prices for NOTHING all the time, that is exactly why people get rich, and go bankrupt in Ponzi Schemes when they collapse.  In the end, the entire Ponzi Scheme is based on something that does NOT represent significant real value, that is why they are predestined to collapse once market psychology changes...

The only value BitCoin has is what some greater fool will pay for it.   If the price of bitcoin went down to one cent, what could you possibly do with it, NOTHING...

Hard Facts

The number of bitcoin is limited. This is the main advantage of Bitcoin. But at first there was a similar situation in Gold. A scarce mine of gold. Then somehow the gold coin and the paper money were disconnected. They can do something similar in bitcoin. Even futures are examples.

ahahah try to take $ 100,000 worth of gold through the airport. Even from Bank to Bank will take centuries and the transaction

can be stopped.

Try to pay for a car or a house with gold bars. You could get shot from someone trying to steal it. Good luck with that.

Try to take 1 million dollars worth of gold through the border.good luck with that.

Non - sense facts.

You can take 1 trillion dollars worth of Bitcoin whenever the hell you want and NEVER be stopped. You can transfer 10 trillion worth of Bitcoin to anywhere in the world even on sundays.

Dude.......you are way out of the reality

That's what makes bitcoin different from other PoS altcoins, which considerably much cheaper than what miners need to mining bitcoin.
Bitcoin worth $6861 right now, the value based on market demand, it's worth simply because people believe the way it is, bitcoin has practical usability and benefits compared to other fiat currencies or commodities. Well, let's see if bitcoin can survive in the next 10 years to reach higher point.

The number of bitcoin is limited. An imbalance arises when the number of people and the bitcoin ratio are calculated. But do all 8 billion people have to buy bitcoins? Those who think the price will increase are calculating it. I think not everyone will get bitcoin but prices will still rise.

If we want to be entirely fair, Satoshi's dream was that bitcoin basically replaced every single currency out there, and if you believe that fever dream is possible then you can theoretically take the value of everything on the planet then divide it by 21 million Bitcoins. obviously it's sort of an insane Bitcoinist fantasy, but it is at least theoretically possible to have a $10 million per Bitcoin, and practically any valuation in this range would require the US dollar, Euro, Pound, Yuan, Yen, Rupee to go through extreme hyperinflation simultaneously.

You responded to my energy VS value post with something that has NOTHING to do with what I was talking about.   Seriously, you are operating on the intellectual level of a 5 year old...

I can transfer " hard facts coin " just as easily as Bitcoin  🤣🤣🤣🤣  The ability to transfer numbers does NOT give something value.   Bitcoin was originally envisioned to replace fiat, IT NEVER HAPPENED.   

REALITY:   People do not use Bitcoin for transactions, they only own it hoping that its price will go to the moon, and that they will get rich.   No one here is holding bitcoin because it works better for US Dollars for transactions.   

Hard Facts

The trolls can't give everyone a definite answer if "gold is a Ponzi". If Bitcoin market is a Ponzi, then the gold market is a Ponzi.

Plus no "value" in Bitcoin? Sending unstoppable/censorship-resistant payments through the internet has no value? The dark markets' foundation relies on censorship-resistant payments. 8)

Bitcoin never meant to replace fiat, it's alternative electronic cash for those who don't want a financial institution, a middle man, or third parties to transact.
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a
financial institution. Just this feature makes bitcoin works better than US Dollars for transactions for everyone, everywhere around the world.
People hold bitcoin for many purposes, hoping the price goes to the moon is one of them.



Just in your dream :D

Every time you post something, you are showing people the level of stupidity that you carry in your head.

---

Yes, but he is too stupid to understand that.

---

Yes, but he is too stupid to understand that. Or maybe he is a paid puppet from banks or the government to post FUD around

YES WE CAN GIVE A LOT OF GOOD ANSWERS FOR THOSE THAT ARE INTELLECTUALLY HONEST:   You are just to brainwashed to accept the information you are given.

Gold is real, central banks and governments all over the world are buying more gold in response to the problems with Fiat.   ZERO central banks are buying bitcoin.   That fact alone is enough to make most people think.   Gold is REAL, with a lot of valuable properties.  Bitcoin is noting but imaginary money that only value is what some greater fool will pay for it.   Maybe I should sell you my Digital House for 500,000.00.  My digital house is exactly the same as a real house , but better, because it can be transferred across a border easier  🤣🤣🤣🤣

There are an INFINITE number of crypto currencies that can send unstoppable / censorship resistance payments through the internet.  That does have value, but Bitcoin is NOT, NOT, NOT the bock-chain....   The blockchain is the future, but it will not be Bitcoin.  No more than the first  Brick Sized Motorola Cellphone was cellular network, the world moved on....

Hard Facts

I would be very glad of buying more. dumbass

THE ABOVE STATEMENT NOT A VALID REASON FOR ANYONE TO INVEST:   

Would any rational person make a wall street investment based on the brokerage saying:  You do not have a clue how it works  🤣🤣🤣🤣

MOST RATIONAL, INTELLIGENT PEOPLE will recognize the very popular statement above for exactly what it is...  This is what someone says when they have no facts, no rational argument, and want to make themselves feel like they " won " without presenting any valid or compelling facts.   Good luck with that strategy, I am sure it will make you a LOT of money as bitcoin continues its decline to 1000 dollars and below...

Hard Facts

Saving these predictions to expose you later.....

Anyways, Bonds with negative yields, stocks overbought and pumped artificially, real estate overvalued, gold and silver settlements manipulated, unlimited fiat printing. What is left?


****BITCOIN***

TRILLIONS OF DOLLARS FLOWING INTO BITCOIN NOW

UTTERLY STUPID AND FALSE STATEMENTS on our part.   There are a lot of problems in the markets, and yes they will crash one day, the does NOT NOT NOT give Bitcoin any value.   Bitcoin is backed by nothing and will crash along with them.

What is left:  I will clue you in, the richest central banks and largest governments in the world know what is about to happen, and are buying GOLD, not Bitcoin.   

TRILLIONS FLOWING INTO BITCOIN NOW:  Utterly FALSE,  the price of bitcoin collapsed in the mid 6000's today, indicating money is flowing OUT of bitcoin.  Are you not even able to do basic math ???  Seriously, your last statement is so utterly ridiculous given what happened to the price today.   Even though a lot of people here really want Bitcoin price to go up, I  doubt there is anyone here that would take you seriously, and want you for a financial adviser.

Hard Facts

Trolls believe they "hit a nerve" by attacking the price. Hahaha. Laughable. Does they know that it will make many of us plebs happy? More cheap Bitcoins.

Bitcoin is backed by math, cryptography, energy and equipment.

Gold can be counterfeited and it true supply is unknown, but your empty brain is not capable of getting those true facts.

---

Yes, they are in every single forum. I think banks or goverments agencies have call centers full of people posting garbage against bitcoin.

They will lose at the end. They are already bankrupt anyways.

---

https://steemit.com/cryptocurrency/@chesatochi/bitcoin-vs-gold-vs-us-dollar

instead of hoping for a high price why just don't you look more or further on having a use for bitcoin eth or dash!? but i guess no ones actually want it right? a price ok 10 mil. will destroy the daily use of bitcoin but i saw that even satoshi said that btc was not made for being easy on micro payments
the use of crypto is still an issue, stop promoting bitcoin as investment and lets promote it as fast payment
so far it went only bad, all phones have nfc as all  bank accs, i can pay with my phone straight from my bank account, crypto aint reliable at the moment and it will go only down the way you folks promote it

Here at linkkoin, we keep repeating that some people should come to realize, that cryptocurrencies are right now in a few different classes due to their application and specification. Regarding all of them as nothing else than the investment is a huge misunderstanding of the idea of cryptocurrency as such.

I feel like there is going to be some sort of FOMO action in the next few months. People will buy in anticipation of every kind of thing they are imagining will happen. Might actually be a self fulfilling prophesy.

Yes, that is probably what is going to happen before the halving.

It is unlikely that Bitcoin will ever cost so much money, there is only one option - a very strong decline in the dollar price.

In fact the dollar have decades having a very strong decline that will continue, but.....

You would have said the same when BTC was 0.009 cent. 'It is unlikely that Bitcoin could cost 15 dollars'. It went to $ 20,000 9 years later, so from 7500 to 10,000,000 is very likely in the coming years.

I think that we will laugh to the current price levels in a few months. A lot of people will cry because they didn't buy.

This is my reason why I'am always trading pair with BTC , I want to have more BTC for future.
Maybe after halving bitcoin day , bitcoin Will go to the moon again.

$10M per bitcoin would put total Bitcoin market cap way past gold. Although we would love to wish this narrative, I don't think we can surpass gold's $7+ trillion market cap anytime soon in 10 years. There would have to be severe, unforeseen catastrophic events in human history to push that price to a valuation way past gold within a decade.

Might take at least a couple of decades, but I can almost see it coming. Maybe a little longer too, so probably near the end of our lifetimes. But a tenth of that in the next decade looks possible too, so that's the first step we should look forward to.

When people talk about Bitcoin being the currency that will run the economy in future, they forget that scalability will be an issue, a really big issue in that case. Also, if you notice, Bitcoin isn't any less manipulated than Fiat by the government. The mass holders and the exchanges are the one running the market. There isn't true decentralization into working. I doubt anyone would prefer such currency system over the Fiat. I know that wrong monetary decisions has taken over many countries and their currencies have failed. But Bitcoin also doesn't have the potential to replace it.
In my opinion bitcoin and Fiat will coexist instead of one replacing the other.

News like this is very tickling and is it possible to be a price of that size? all of them also clearly really want it to happen and of course there are a lot of people who support it because it is clearly very profitable, but again it can be considered just a mere dream or a beautiful dream. I would not believe that this would happen and not be too imagined to see that reality. how long it takes and no one can predict.

BEWARE. The rocket is about to leave the station to other galaxy

https://www.bitcoinblockhalf.com/

Be realistic about the bonuses, are you confident the bitcoin's price will pump that easily? You're too greedy because you don't take the risks into account and you're focusing only on rewards. That's the other people's problem, they think the value will immediately become a million dollars per person. Bitcoin's price won't be as easy as that, you should be mindful of support and resistance.

This is about to happen. We wont have to wait that long to surpass gold market cap.

I may agree with you on some point here but not in all. Despite my believe in Bitcoin,  10 years is too short for it to achieve such huge price.
Remember that the regulations behind bitcoin won't allow it to achieve such a price. Despite that government cryptocurrencies would be centralized,  but they also influence the growth of bitcoin.  They can decide to ban Bitcoin on some territory,  helping to deflate the price.

didn't Russia ban bitcoin? 

the news  media can't really lay down which is true here. if they are mining BTC, this should be a cause for other countries to do the same. lets all dive into BTC after all its proven to be a better currency.

its going to be advantageous for countries to have cheap power energy source, the country who can generate free energy thru solar and wind would probably be the richest.

nope, as far as I know it's actually even encouraged by government to mine bitcoins there, besides that there is a cold climate which means that there's no need of fans and stuff to cool down the miners. I'm pretty sure you're thinking about china which is a joke, one day they approve bitcoin and love the technology, another day they're shouting that it's bannable and trying to promote their own scamcoin. Good thing about it is that bitcoin doesn't care because it's decentralised

Today, cryptocurrency users face a number of tasks that need to be addressed in order to have some prospects for all of their cryptocurrency assets.  First of all, it is the stabilization of the cryptocurrency market, after which it is necessary to solve the problem with the legalization of cryptocurrency in the world, so that the government recognizes cryptocurrency, and users have the opportunity to use cryptocurrency in everyday life and not be afraid of investing in the cryptocurrency market.  That is when it will be possible to expect a massive increase in the price of bitcoin, after Bitcoin will attract investors and more and more people are interested.

That's right. Returns are not assured, there has never been. Past performance does not ensure future returns, they appear to rhyme instead. I mean, if you look at the stock market as a whole, the average returns over the past few decades are consistent, but again, there is no guarantee that the future will do the same. It seems inevitable that it will. Bitcoin is just ten years old. Quite modern, quite grown-up. Don't gamble more than you can afford to lose, as you can go to zero.

In our generation mate, that's never going to happen, it's too much to hope and not realistic, I think 1 million is enough. The amount of $10,000,000 is very high, look if the $10 million bitcoin is multiplied to $10 million. Even the world's total value of money won't get closer to that amount, so I think that's exaggerated.

You know I think with the world war rumors spurring up , they will soon be very important commodity , because in the time of war and famine one should understand the normal governmental body is set to collapse , so I think soon enough the bitcoins and other cryptocurrencies are going to be super important and the way it is maintaining it's value above 7k shows that in the future we can see a pretty big move .

The price of $10 million could be reached in the next few years, we see that currencies have different exchange rates in each world. So if one day Bitcoin and crypto currencies are legalised in all countries in official currency, it will look so good. A value of $10 million will be reached if all nations use only one currency and have the same value, no more countries will be in debt or in crisis. Hopefully bitcoin has potential for this

But I would not want Bitcoin to grow precisely because of the cause of the war. In fact, it is very sad to see, because such conflicts are not needed by the civilized world. I would like to see the growth of Bitcoin and its dominance over fiat money because of its features and not due to the fact that during a possible war, a coin can become a means of survive

Bitcoin is still a viable option even though it's virtual: “It will be an easy decision for many investment managers to make the decision to allocate at least 1% of their portfolio value in BTC. It's because? It's simple. If you have a portfolio of $ 10 million and invest $ 100,000 in Bitcoin, that value is worth 1% of the capital. If Bitcoin fails, this portfolio will lose only 1% of its value. Between 3 and 5 years, this is a percentage that most portfolios can bitter. But if Bitcoin succeeds, in 7 to 10 years that $ 100,000 could be worth over $ 25,000,000. This is more than twice the size of the entire portfolio. The big mistake someone would make today would be to buy an amount of Bitcoin you can't afford to lose. But an even bigger mistake would be to have no Bitcoin. ”

You are missing the OBVIOUS...   Investment managers are NOT investing in bitcoin, so no matter how much you want it to be true, it is simply NOT HAPPENING. 

You can ignore reality, but you can not ignore the CONSEQUENCES of ignoring reality  🤣🤣🤣🤣

Hard Facts

With this development of events that you are talking about, you really need an alternative for fiat money and in this situation, cryptocurrency can really replace all national currencies if the whole world is drawn into a war.  But you need to take into account the fact that in very difficult situations in the world even the Internet can cease to exist and then the use of cryptocurrencies will be impossible.
Undoubtedly, if Bitcoin is the only international payment instrument and its demand in the world increases, then it is quite possible that its price will rise tens of thousands of times.

That is why Central Banks and governments are buying as much GOLD as they can 💰💰💰💰    ZERO are buying Bitcoin.   If things get bad, you will see people flee speculative assets such as bitcoin as bubbles start to burst.   The price of a bitcoin will drop like a rock 📉📉📉📉

Hard Facts

Investing EMOTIONALLY is utterly stupid  🙈🙈🙈

The market does not care about what you WANT.   Many people have lost their homes, lost everything by making bad investments.  Invest in a downward performing asset, and there will be NOTHING you can do to stop losing your money.

You can ignore reality, but you can not ignore the CONSEQUENCES of  ignoring reality.    I would love to see the look on your face when the cold hard truth punches you in the face, and you realize that investing on hope was a really stupid idea.

Hard Facts

These predictions are getting more and more ridiculous by the day. I have seen predictions for 25K per coin, 50K per coin, 100K per coin and even 1 million per coin. But this is the first time I have seen such an insane prediction of $10 million per coin. At this rate, the market capitalization of Bitcoin would be $200 trillion, which would represent 2/3rd of all the wealth in the world.